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, 20 February 2017, 14 July 2017, 21 July 2017, 28 August 2017, 21 September 2017 and 2 October 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 wishes to announce that the Company had on 2 October 2017 entered into a share sale agreement with AFFIN Bank Berhad (“ABB”) in relation to the Reorganisation. The Transfer Consideration has been finalised to be RM2.505 billion which has been satisfied by ABB on 16 October 2017, partly in cash and partly in shares.

Following the above, the Reorganisation is deemed completed as at the date of this announcement.

Kindly refer to the attachment for the details of the above.

This announcement is dated 16 October 2017.

 

 


Announcement Info

Company Name AFFIN HOLDINGS BERHAD
Stock Name AFFIN
Date Announced 16 Oct 2017
Category General Announcement for PLC
Reference Number GA1-12102017-00097

Attachments

  1. Completion_of_Reorganisation_161017.pdf (Size: 195,803 bytes)