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.

Transactions (Chapter 10 Of Listing Requirements):non Related Party Transactions

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description AFFIN HOLDINGS BERHAD (“AFFIN”)

EXCLUSIVITY AGREEMENT BETWEEN AFFIN AND HWANG-DBS (MALAYSIA) BERHAD (“HWANG-DBS”) (COLLECTIVELY, THE “PARTIES”)

We refer to our earlier announcement dated 15 April 2013.


On behalf of the Board of Directors of AFFIN, we are pleased to announce that AFFIN has entered into an exclusivity agreement (“Agreement”) dated 4 September 2013 with Hwang-DBS, in relation to the proposed acquisition by AFFIN of 100% interest in HwangDBS Investment Bank Berhad and HDM Futures Sdn Bhd, 70% interest in Hwang Investment Management Berhad and 49% interest in Asian Islamic Investment Management Sdn Bhd (“Proposed Acquisition”).


Under the Agreement, both Parties will proceed to make their respective applications to Bank Negara Malaysia.


Further announcements on the Proposed Acquisition will be made at the appropriate time.

This announcement is dated 4 September 2013

 


Announcement Info

Company Name AFFIN HOLDINGS BERHAD  
Stock Name AFFIN    
Date Announced 4 Sept 2013  
Category General Announcement
Reference No MI-130904-41177