|Description||AFFIN HOLDINGS BERHAD (“AFFIN” OR THE “COMPANY”)
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, 22 September 2014, 30 January 2015 and 12 February 2015.
We refer to our announcements dated 30 January 2015 and 12 February 2015 in relation to the Proposed Futures Transfer.
The Board of AFFIN wishes to announce that the Proposed Futures Transfer has been completed on 28 February 2015 (“Effective Date”). Pursuant thereto, AHF will be surrendering its Capital Markets Services Licence within 14 days from the Effective Date pursuant to sections 78(1) and 81 of the Capital Markets and Services Act 2007.
This announcement is dated 3 March 2015.
|Company Name||AFFIN HOLDINGS BERHAD|
|Date Announced||3 Mar 2015|