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.

Acquisition of A Minority Stake In AHB By The Bank Of East Asia, Limited

Type

Announcement
Subject AFFIN HOLDINGS BERHAD ("AHB")
ACQUISITION OF A MINORITY STAKE IN AHB BY THE BANK OF EAST ASIA, LIMITED

Contents :

The Board of Directors of AHB (Board) wishes to announce that AHB has obtained approval from Bank Negara Malaysia to commence negotiations with The Bank of East Asia, Limited relating to a possible acquisition of a minority stake in AHB.


The negotiations are at a very preliminary stage where there can be no certainty about the outcome, or that any agreement will be reached. No terms have yet been agreed for the proposed transaction.

The Board will inform on any further development in the matter at the appropriate time.

This announcement is dated 24 November 2006.

 


Announcement Info

Company Name AFFIN HOLDINGS BERHAD  
Stock Name AFFIN    
Date Announced 24 Nov 2006  
Category General Announcement
Reference No CC-061120-62043