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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 BANK BERHAD ("ABB" OR "BANK") PROPOSED ACQUISITION BY ABB OF THE ENTIRE EQUITY INTEREST IN PHEIM ASSET MANAGEMENT SDN BHD ("PHEIM AM") FOR A TOTAL CASH CONSIDERATION OF RM50.0 MILLION ("PROPOSED ACQUISITION") |
On behalf of the Board of Directors of ABB, Affin Hwang Investment Bank Berhad wishes to announce that ABB had on 20 November 2025 entered into a conditional share purchase agreement with the Selling Shareholders (as defined in the attachment herein) for the proposed acquisition of 5,000,000 ordinary shares in Pheim AM, representing the entire equity interest in Pheim AM, for a total purchase consideration of RM50.0 million to be satisfied entirely in cash.
Please refer to the attachment for further details on the Proposed Acquisition.
This announcement is dated 20 November 2025.
Please refer attachment below.
| Company Name | AFFIN BANK BERHAD |
| Stock Name | AFFIN |
| Date Announced | 20 Nov 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20112025-00015 |
Attachments
Copyright 2025 Affin Bank Berhad 197501003274 (25046-T).
