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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 | OTHERS |
| Description | AFFIN HOLDINGS BERHAD ("AFFIN" OR THE "COMPANY") APPROVAL TO COMMENCE NEGOTIATIONS IN RELATION TO THE PROPOSED ACQUISITION OF UP TO 24.0% EQUITY INTEREST IN PT BANK PANIN SYARIAH TBK ("BANK PANIN SYARIAH")("PROPOSED ACQUISITION") |
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On behalf of the Board of Directors, we wish to announce that Bank Negara Malaysia had, vide its letter dated 27 February 2014, stated that it has no objection for AFFIN to commence negotiations with the shareholders of Bank Panin Syariah for the Proposed Acquisition. Further, AFFIN would be required to seek necessary approvals under the Financial Services Act 2013 in order to proceed with the Proposed Acquisition upon conclusion of the negotiation. |
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| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 28 Feb 2014 |
| Category | General Announcement |
| Reference No | AH-140228-57142 |
Copyright 2020 Affin Bank Berhad 197501003274 (25046-T).
