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.

Proposed Renewal Of Shareholders' Mandate And Additional Mandate For Recurrent Related Party Transaction Of A Revenue Or Trading Nature ("Proposed Shareholders' Mandate")

Type

Announcement
Subject AFFIN HOLDINGS BERHAD ("AHB" or the "Company")

PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE AND ADDITIONAL MANDATE FOR RECURRENT RELATED PARTY TRANSACTION OF A REVENUE OR TRADING NATURE ("PROPOSED SHAREHOLDERS' MANDATE")

Contents :

The Board of Directors of AHB wishes to announce that the Company proposes to seek shareholders' approval for general mandate and additional mandate for recurrent related party transactions of a revenue or trading nature which are necessary for the day-to-day operations of AHB and/or its subsidiaries in line with Paragraph 10.09 of the Listing Requirements, at its forthcoming Annual General Meeting (“AGM”) to be held on 13 April 2007.


A Circular to Shareholders setting out further details of the Proposed Shareholders' Mandate will be despatched to the shareholders in due course. The Notice of the AGM together with the Form of Proxy are enclosed with the Annual Report of AHB for the financial year ended 31 December 2006.

This announcement is dated 21 March 2007.

 


Announcement Info

Company Name AFFIN HOLDINGS BERHAD  
Stock Name AFFIN    
Date Announced 21 Mar 2007  
Category General Announcement
Reference No CC-070321-53824