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.

Multiple Proposals

Type Announcement
Subject MULTIPLE PROPOSALS
Description

AFFIN HOLDINGS BERHAD (AHB OR THE COMPANY) - PROPOSED REORGANISATION OF THE AHB GROUP OF COMPANIES

Reference is made to the announcements dated 16 February 2017, 20 February 2017, 14 July 2017, 21 July 2017, 28 August 2017, 21 September 2017, 2 October 2017, 16 October 2017, 14 November 2017 and 17 November 2017 in relation to the above (“Announcements”). 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 Announcements.
 
On behalf of the Board of Directors of AHB, AHB wishes to announce that the High Court of Malaya has on 13 December 2017 granted an order confirming the reduction of the Company’s consolidated capital and retained profits pursuant to Section 116(4) of the Companies Act, 2016 in relation to the proposed reorganisation of the AHB group of companies.
 
The Company will announce the Entitlement Date for the Proposed Distribution in due course.
 
This announcement is dated 13 December 2017.





Announcement Info

Company Name AFFIN HOLDINGS BERHAD
Stock Name AFFIN
Date Announced 13 Dec 2017
Category General Announcement for PLC
Reference Number GA1-13122017-00092