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 and underwriting of life and general insurance business.

Circular To Shareholders In Relation To The Proposed Divestment Of 7,000,000 Ordinary Shares In Affin Hwang Asset Management Berhad ("Aham"), Representing 63% Of The Equity Interest In Aham, by Affin Hwang Investment Bank Berhad, A Wholly-Owned Subsidiary Of Affin Bank Berhad ("ABB"), To Starlight Asset Sdn Bhd, An Investment Holding Company Incorporated By Funds Managed By CVC Capital Partners Asia V Limited, For A Provisional Cash Consideration Of RM1,417.5 Million And Notice Of Extraordinary General Meeting

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED DIVESTMENT OF 7,000,000 ORDINARY SHARES IN AFFIN HWANG ASSET MANAGEMENT BERHAD ("AHAM"), REPRESENTING 63% OF THE EQUITY INTEREST IN AHAM, BY AFFIN HWANG INVESTMENT BANK BERHAD, A WHOLLY-OWNED SUBSIDIARY OF AFFIN BANK BERHAD ("ABB"), TO STARLIGHT ASSET SDN BHD, AN INVESTMENT HOLDING COMPANY INCORPORATED BY FUNDS MANAGED BY CVC CAPITAL PARTNERS ASIA V LIMITED, FOR A PROVISIONAL CASH CONSIDERATION OF RM1,417.5 MILLION AND NOTICE OF EXTRAORDINARY GENERAL MEETING

 

Please refer attachment below.

 


Announcement Info

Company Name AFFIN BANK BERHAD
Stock Name AFFIN
Date Announced 26 Apr 2022
Category Document Submission
Reference Number DCS-26042022-00064

Attachments

  1. ABB_Circular_-_Proposed_Divestment_26.4.2022_(Part_1).pdf (Size: 2,485,887 bytes)
  2. ABB_Circular_-_Proposed_Divestment_26.4.2022_(Part_2).pdf (Size: 1,716,606 bytes)