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 announcement dated 16 February 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 AHB, AFFIN Hwang Investment Bank Berhad wishes to announce that the Company had on 20 February 2017 submitted an application to Bank Negara Malaysia (“BNM”) to seek the approval of BNM and/or its recommendations to Ministry of Finance, Malaysia for approval for the Proposed Reorganisation, Proposed Distribution and Proposed Subscription.

ABB had also on even date, submitted an application to the Securities Commission Malaysia (“SC”) to seek the approval of the SC for the change in controller of AHIB, AHAM and AIIMAN pursuant to the Proposed Reorganisation.  

This announcement is dated 20 February 2017.





Announcement Info

Company Name AFFIN HOLDINGS BERHAD
Stock Name AFFIN
Date Announced 20 Feb 2017
Category General Announcement for PLC
Reference Number GA1-20022017-00003