Investor Relations


The Affin Bank Group is a financial services conglomerate. The Group's activities focus on commercial, Islamic and investment banking services, money broking, asset management and underwriting of life and general insurance business.

Multiple Proposals

Type Announcement
Subject MULTIPLE PROPOSALS
Description

AFFIN HOLDINGS BERHAD ("AHB" OR THE "COMPANY") - PROPOSED REORGANISATION OF THE AHB GROUP OF COMPANIES

Reference is made to the announcements dated 16 February 2017, 14 July 2017 and 21 July 2017 in relation to the above (“Announcements”). Unless otherwise defined, all the abbreviations and definitions used in this announcement shall have the same meaning as the words and expressions used in the Announcements.

On behalf of the Board of Directors of AHB, AFFIN Hwang Investment Bank Berhad (“AFFIN Hwang IB”) wishes to announce that the Company has been informed by its major shareholder, Lembaga Tabung Angkatan Tentera (“LTAT”) that the Securities Commission Malaysia (“SC”) had in its letter dated 25 August 2017 (which was received on 28 August 2017), approved LTAT’s application to the SC to exempt LTAT and its persons acting in concert (“PACs”) from having to undertake a mandatory take-over offer in AFFIN Bank Berhad under subparagraph 4.13(1)(c) of the Rules on Take-overs, Mergers and Compulsory Acquisitions.

This announcement is dated 28 August 2017.





Announcement Info

Company Name AFFIN HOLDINGS BERHAD
Stock Name AFFIN
Date Announced 28 Aug 2017
Category General Announcement for PLC
Reference Number GA1-28082017-00032