ARTICLE ENTITLED: AFFIN BANK SELLS ASSET MANAGEMENT ARM TO CVC CAPITAL PARTNERS FOR OVER RM2B, SAY SOURCES

We refer to the above article appearing in The Edge, Page 4, on Friday, 28 January 2022, a copy of which is enclosed for you reference.
In particular, we would like to draw your attention to the underlined sentence(s) which are reproduced as follows:-

(a)    “Affin Bank Bhd is said to have clinched a cash deal to sell its asset management arm, Affin Hwang Asset Management Bhd (Affin Hwang AM), the banking group’s crown jewel”.

(b)    “The price tag is believed to be in the range of RM2.3 billion to RM2.6 billion cash”.

(c)    “Private equity fund CVC Capital Partners is among the interested parties wanting to take over Affin Hwang AM”.

In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major sharesholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.

Please furnish Bursa Securities with your reply via Bursa Link by today.

Yours faithfully,

Listing

Regulation

Cc : Market Surveillance Dept. , Securities Commission (via fax)