KUALA LUMPUR (Dec 19): Financial services and IT company Pacific & Orient Bhd (KL:P&O) said its US-based subsidiary has secured a US$67 million (RM273.16 million) construction loan to finance the group’s property development project in Miami, Florida. The loan exceeds P&O’s market capitalisation of RM170.29 million, based on its last closing price of 57.5 sen. According to bourse filings, the property is owned by Pacific & Orient Properties LLC (POPLLC), a Delaware-incorporated subsidiary of Pacific & Orient. POPLLC also granted a mortgage lien over the property and pledged 100% of its membership interest to the financier. Pacific & Orient said the loan will not affect its issued and paid-up capital or the shareholdings of substantial shareholders.

Source: The Edge Markets December 19, 2025 13:41 UTC