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.

Others

 

Type Announcement
Subject OTHERS
Description AFFIN HOLDINGS BERHAD (“AFFIN” OR THE “COMPANY”)

VESTING ORDER GRANTED FOR THE TRANSFER OF THE ENTIRE BUSINESS, ASSETS AND LIABILITIES FOR THE FOLLOWING ENTITIES:

(I) AFFIN INVESTMENT BANK BERHAD TO HWANGDBS INVESTMENT BANK BERHAD;
(II) AFFIN NOMINEES (TEMPATAN) SDN BHD TO HDM NOMINEES (TEMPATAN) SDN BHD; AND
(III) AFFIN NOMINEES (ASING) SDN BHD TO HDM NOMINEES (ASING) SDN BHD.

 

Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcement dated 22 January 2014.

We refer to the announcements dated 22 January 2014 and 7 April 2014 in relation to the Proposals.

On behalf of the Board of AFFIN, AFFIN Investment Bank Berhad wishes to announce that a Vesting Order pursuant to section 102 of the Financial Services Act 2013 and section 139 of the Capital Markets and Services Act 2007 has been obtained from the High Court of Malaya at Kuala Lumpur on 3 June 2014 in respect of the following:

(i) the transfer of the entire business, including all assets (excluding Merchant Nominees Tempatan Sdn Bhd and Classic Precision Sdn Bhd) and liabilities of Affin Investment Bank Berhad to HwangDBS Investment Bank Berhad;

 

(ii) the transfer of the entire business, including all assets and liabilities of Affin Nominees (Tempatan) Sdn Bhd to HDM Nominees (Tempatan) Sdn Bhd; and

 

(iii) the transfer of the entire business, including all assets and liabilities of Affin Nominees (Asing) Sdn Bhd to HDM Nominees (Asing) Sdn Bhd;

with effect from 20 September 2014.

This announcement is dated 3 June 2014.

 

 


Announcement Info

Company Name AFFIN HOLDINGS BERHAD  
Stock Name AFFIN    
Date Announced 3 Jun 2014  
Category General Announcement
Reference No MI-140603-57763