Business briefs as on November 6.
Sembcorp Salalah shareholders okay interim dividend Muscat: The
shareholders of Sembcorp Salalah Power and Water Company have approved
the board's recommendation of paying an interim dividend not
exceeding 1.3 per cent for the period ending June 30. The decision was
taken at an ordinary general meeting. Mitsubishi Motors to sell $2.1b
shares Tokyo: Mitsubishi Motors will sell as much as AN210 billion ($2.1
billion) in new shares to fund a buyback of preferred stock held by
other Mitsubishi group companies that bailed out their carmaking
affiliate. Mitsubishi Motors will spend AN284.8 billion buying back the
preferred shares at an average discount of 25 per cent, the Japanese
automaker, which plans to pay dividends for the first time since 1998,
said in a statement. The sale is part of a reorganisation at
company's involving affiliates.
Muscat Press and Publishing House SAOC 2013
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