|Description||AFFIN HOLDINGS BERHAD (“AFFIN”)
PROPOSED TRANSFER OF THE FUTURES BROKING BUSINESS OF AFFIN HWANG FUTURES SDN BHD (FORMERLY KNOWN AS HDM FUTURES SDN BHD) (“AHF”) TO
AFFIN HWANG INVESTMENT BANK BERHAD (FORMERLY KNOWN AS HWANGDBS INVESTMENT BANK BERHAD) (“AFFIN HWANG IB”) (“PROPOSED FUTURES TRANSFER”)
Unless otherwise stated, abbreviations and definitions used throughout this announcement shall be the same as those previously defined in the announcements dated 22 January 2014, 14 August 2014, 18 August 2014, 19 September 2014 and 22 September 2014.
Following the completion of the IB Merger, Nominees Merger and IM Merger, the Board wishes to announce that Affin Hwang IB, a wholly-owned subsidiary of AFFIN proposes to undertake the Proposed Futures Transfer.
Pursuant thereto, Affin Hwang IB and AHF have on 30 January 2015 entered into the business transfer agreement to effect the transfer of the whole of the assets, liabilities and business undertakings of AHF as a going concern to Affin Hwang IB by way of a vesting order from the High Court of Malaya pursuant to section 139 of the Capital Markets and Services Act 2007.
Please refer to the attachment for further details on the Proposed Futures Transfer.
This announcement is dated 30 January 2015.
|Company Name||AFFIN HOLDINGS BERHAD|
|Date Announced||30 Jan 2015|