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.

Others

Type Announcement
Subject OTHERS
Description AFFIN HOLDINGS BERHAD (“AFFIN” OR THE “COMPANY”)

VESTING ORDER GRANTED FOR THE TRANSFER OF THE ENTIRE BUSINESS, ASSETS AND LIABILITIES OF AFFIN FUND MANAGEMENT BERHAD TO HWANG INVESTMENT MANAGEMENT BERHAD.

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 the announcements dated 7 April 2014, 14 August 2014 and 18 August 2014 in relation to the Proposed Fund Merger.

On behalf of the Board of AFFIN, AFFIN Investment Bank Berhad wishes to announce that an Order from the High Court of Malaya at Kuala Lumpur was obtained on 25 August 2014 in respect of the transfer of the entire business, including all assets and liabilities of AFFIN Fund Management Berhad to Hwang Investment Management Berhad (“Proposed Transfer”), pursuant to section 139 of the Capital Markets and Services Act 2007. The Proposed Transfer shall take effect on 20 September 2014.

This announcement is dated 26 August 2014.

 


Announcement Info

Company Name AFFIN HOLDINGS BERHAD  
Stock Name AFFIN    
Date Announced 26 Aug 2014  
Category General Announcement
Reference No MI-140826-56227