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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 | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | AFFIN HOLDINGS BERHAD (“AFFIN”) PROPOSED ACQUISITION OF HWANGDBS INVESTMENT BANK BERHAD (“HWANG IB”) INCLUDING OTHER FINANCIAL SERVICES BUSINESSES OF HWANG-DBS (MALAYSIA) BERHAD (“HWANG-DBS”) (“PROPOSED ACQUISITION”) |
We refer to our announcements dated 15 April 2013, 4 September 2013, 10 January 2014, 21 January 2014 and 22 January 2014 on the Proposed Acquisition. On behalf of the Board of AFFIN, AFFIN Investment Bank Berhad wishes to announce that AFFIN had on 30 January 2014 submitted an application to the Securities Commission Malaysia for the proposed exemption under Practice Note 9 of the Malaysian Code on Take-Overs and Mergers 2010, from an obligation to carry out a mandatory offer for the remaining 30% voting shares of Hwang Investment Management Berhad not already owned by AFFIN (via Hwang IB) after the Proposed Acquisition. This announcement is dated 5 February 2014.
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| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 5 Feb 2014 |
| Category | General Announcement |
| Reference No | MI-140204-63380 |
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