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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 HOLDINGS BERHAD ("AFFIN" OR THE "COMPANY") - PROPOSED ACQUISITION OF ADDITIONAL EQUITY INTEREST IN AXA AFFIN GENERAL INSURANCE BERHAD ("AXA AFFIN GI") ("PROPOSED ACQUISITION") |
|
Reference is made to the announcement dated 4 August 2017 in relation to the above (“Announcement”). Unless otherwise defined, all the abbreviations and definitions used in this announcement shall have the same meaning as the words and expressions used in the Announcement.
On behalf of the Board of Directors of AFFIN, AFFIN Hwang Investment Bank Berhad (“AFFIN Hwang IB”) wishes to announce that Bank Negara Malaysia (“BNM”) had in its letter dated 18 September 2017, approved the application made by AFFIN and AFFIN Bank Berhad (“AFFIN Bank”) to acquire 7.07% equity interest in AXA AFFIN GI from Felda Marketing Services Sdn Bhd pursuant to Section 90(3)(a) of the Financial Services Act 2013. The Proposed Acquisition will result in an increase in the equity interest in AXA AFFIN GI held by AFFIN (or AFFIN Bank) from 37.07% to 44.14%.
This announcement is dated 18 September 2017. |
|
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 18 Sep 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18092017-00078 |
Copyright 2025 Affin Bank Berhad 197501003274 (25046-T).
