KUALA LUMPUR, Aug 13 — Shares in Malaysian insurer Pacific & Orient (P&O) jumped more than 9 per cent today on a report that South African financial services firm Sanlam Ltd was eyeing a 49 per cent stake in the company.

The Edge Weekly quoted sources as saying Sanlam may pay over two times the net assets of P&O and it plans to submit documents for approval to the central bank by September. — Reuters