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.

Completion Of Share Transfer Between Lembaga Tabung Angkatan Tentera, Boustead Holdings Berhad And Sarawak Government For The Divestment Of Approximately 26% Equity Interest In AFFIN Bank (Divestment)

 

Type Announcement
Subject OTHERS
Description AFFIN BANK BERHAD (AFFIN BANK OR THE COMPANY)

COMPLETION OF SHARE TRANSFER BETWEEN LEMBAGA TABUNG ANGKATAN TENTERA, BOUSTEAD
HOLDINGS BERHAD AND SARAWAK GOVERNMENT FOR THE DIVESTMENT OF APPROXIMATELY 26% EQUITY INTEREST IN AFFIN BANK (DIVESTMENT)

We refer to the Company’s announcement dated 27 September 2024 (“Announcement”) in relation to the Divestment. Unless otherwise defined, the definitions set out in the Announcement shall apply in this announcement.

 

Lembaga Tabung Angkatan Tentera (“LTAT”) and its wholly-owned subsidiary, Boustead Holdings Berhad (“BHB”), together with SG Assetfin Holdings Sdn Bhd ("SG Assetfin"), a wholly-owned special purpose vehicle of State Financial Secretary, Sarawak (“SFS”) have notified AFFIN BANK that the share transfer has been completed on 27 November 2024 following the execution of the direct business transaction pursuant to the Divestment.

 

Following the completion of the share transfer, the shareholdings of LTAT, BHB and SG Assetfin in AFFIN BANK are, as follows:

 

Shareholder

As at

27 September 2024

As at

27 November 2024

LTAT

28.88%

22.01%

BHB

20.08%

Nil*

SFS and related entity, SG Assetfin

4.81%

31.25%

 

Note:

* Including additional shares disposed by BHB via open market as per announcement dated 26 November 2024.

 

This announcement is dated 27 November 2024.

 


Announcement Info

Company Name AFFIN BANK BERHAD
Stock Name AFFIN
Date Announced 27 Nov 2024
Category General Announcement for PLC
Reference Number GA1-27112024-00095