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The Affin Bank Group is a financial services conglomerate. The Group's activities focus on commercial, Islamic and investment banking services, money broking and underwriting of life and general insurance business.
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | AFFIN HOLDINGS BERHAD (“AFFIN” OR THE “COMPANY”) PROPOSED ACQUISITION OF 10,000,000 ORDINARY SHARES OF RM1.00 EACH IN ASIAN ISLAMIC INVESTMENT MANAGEMENT SDN BHD (“AIIM”), REPRESENTING THE ENTIRE EQUITY INTEREST IN AIIM BY AFFIN HWANG ASSET MANAGEMENT BERHAD (FORMERLY KNOWN AS HWANG INVESTMENT MANAGEMENT BERHAD) (“AFFIN HWANG AM”) FROM NIKKO ASSET MANAGEMENT ASIA LIMITED AND AFFIN HWANG INVESTMENT BANK BERHAD (FORMERLY KNOWN AS HWANGDBS INVESTMENT BANK BERHAD) (“AIIM ACQUISITION”) |
Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcements dated 22 January 2014 and 19 September 2014.
We refer to the announcements dated 22 January 2014, 14 August 2014, 18 August 2014 and 19 September 2014 in relation to the AIIM Acquisition.
On behalf of the Board of AFFIN, AFFIN Hwang IB wishes to announce that the AIIM Acquisition has been completed on 20 September 2014 in accordance with the terms and conditions set out in the Shares Sale and Purchase Agreements both dated 19 September 2014. Therefore, AIIM is wholly-owned by AFFIN Hwang AM. This announcement is dated 22 September 2014. |
|
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 22 Sept 2014 |
| Category | General Announcement |
| Reference No | OD-140922-64900 |
Copyright 2020 Affin Bank Berhad 197501003274 (25046-T).
