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, asset management and underwriting of life and general insurance business.

Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

 

Type
Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

AFFIN HOLDINGS BERHAD ("AFFIN") PROPOSED OF A MINORITY STAKE IN AFFIN HWANG INVESTMENT BANK BERHAD BY DAIWA SECURITIES GROUP INC. ("DAIWA SECURITIES") OR ONE OF ITS WHOLLY-OWNED SUBSIDIARIES ("PROPOSAL")

We refer to our announcement dated 25 October 2016.

On behalf of the Board of AFFIN, Affin Hwang Investment Bank Berhad wishes to announce that both AFFIN and Daiwa Securities are unable to finalise the transaction documents in accordance with the terms and conditions of Bank Negara Malaysia (“BNM”)’s approval letter dated 24 October 2016, within the stipulated timeframe which expired on 31 December 2016.  Accordingly, the approval granted by BNM has lapsed.

This announcement is dated 4 January 2017.





Announcement Info

Company Name AFFIN HOLDINGS BERHAD
Stock Name AFFIN
Date Announced 04 Jan 2017
Category General Announcement for PLC
Reference Number GA1-04012017-00054