×
Always about You
Can't find what you are looking for? Enter the keywords and let us search for you.
What others are also searching:
Annual Report
Quarterly Results
AGM
×
Can't find what you are looking for? Enter the keywords and let us search for you.
What others are also searching:
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.
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
AFFIN BANK BERHAD (ABB OR BANK) 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 ("AFFIN HWANG IB"), A WHOLLY-OWNED SUBSIDIARY OF ABB ("PROPOSED DIVESTMENT") |
Unless otherwise defined, the abbreviations and definitions used throughout this announcement shall have the same meaning as those defined in ABB’s circular to shareholders dated 26 April 2022 in relation to the Proposed Divestment (“Circular”).
Reference is made to the announcement dated 28 January 2022 in relation to the Proposed Divestment as well as the Circular.
On behalf of the Board, Affin Hwang IB wishes to announce that the SC had on 1 July 2022 approved the application for the proposed change in the controller of AHAM and AIIMAN pursuant to the Proposed Divestment, subject to the following conditions:
(a) no adverse findings against the proposed direct and indirect controllers; and
(b) the Proposed Divestment shall not adversely affect the soundness of both AHAM and AIIMAN or the interests of the existing clients of AHAM Group.
This announcement is dated 1 July 2022.
| Company Name | AFFIN BANK BERHAD |
| Stock Name | AFFIN |
| Date Announced | 01 Jul 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01072022-00089 |
Copyright 2024 Affin Bank Berhad 197501003274 (25046-T).
