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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.

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Publication:Times of Oman (Muscat, Oman)
Date:Nov 6, 2013
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