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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 | AFFIN HOLDINGS BERHAD ("Affin") PROPOSED ESTABLISHMENT OF AFFIN INVESTMENT BANKING GROUP |
The establishment of the Affin investment banking group would involve the three wholly-owned subsidiaries of Affin, namely Affin Merchant Bank Berhad ("AMBB"), Affin Securities Sdn Bhd and Affin Discount Berhad.
The approval from BNM was also obtained for inter alia, the proposed acquisition by AMBB from Affin of 100% equity interest in Affin Fund Management Sdn Bhd and its subsidiary Affin Trust Management Berhad.
The aproval of the SC on behalf of the Foreign Investment Committee ("FIC") was also obtained for the Proposal, under the FIC's Guidelines on Acquisition of Interests, Mergers and Take-overs by Local and Foreign Interests.
This announcement is dated 25 April 2006.
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 25 Apr 2006 |
| Category | General Announcement |
| Reference No | CC-060425-58622 |
Copyright 2024 Affin Bank Berhad 197501003274 (25046-T).
