×
Always about You
Can't find what you are looking for? Enter the keywords and let us search for you.
What others are also searching:
Annual Report
Quarterly Results
AGM
×
Can't find what you are looking for? Enter the keywords and let us search for you.
What others are also searching:
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.
| Type | Announcement | ||||||||||
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
||||||||||
| Description | AFFIN HOLDINGS BERHAD (“AFFIN”) PROPOSED INTERNAL RESTRUCTURING INVOLVING: (I) PROPOSED ACQUISITION OF 12,000,000 ORDINARY SHARES OF RM1.00 EACH IN AFFIN FUND MANAGEMENT BERHAD (“AFFIN FUND”) (“SALE SHARES”), REPRESENTING THE ENTIRE EQUITY INTEREST IN AFFIN FUND BY HWANG INVESTMENT MANAGEMENT BERHAD (“HWANG IM”) (“PROPOSED AFFIN FUND ACQUISITION”); AND (II) PROPOSED TRANSFER OF THE WHOLE OF THE ASSETS, LIABILITIES AND BUSINESS UNDERTAKINGS OF AFFIN FUND TO HWANG IM AFTER THE PROPOSED AFFIN FUND ACQUISITION (“PROPOSED IM MERGER”) (COLLECTIVELY REFERRED TO AS THE “PROPOSED FUND MERGER” |
||||||||||
Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcement dated 7 April 2014.
We refer to our earlier announcement dated 7 April 2014.
Following the completion of the Acquisition, on behalf of the Board of AFFIN, Affin Investment wishes to announce that the Board proposes to undertake an internal restructuring involving the Proposed AFFIN Fund Acquisition and the Proposed IM Merger.
Please refer to the attachment for further details on the Proposed Fund Merger.
This announcement is dated 14 August 2014.
Announcement Info
|
|||||||||||
Attachments
Copyright 2020 Affin Bank Berhad 197501003274 (25046-T).
