AFFIN HOLDINGS BERHAD ("AFFIN") APPROVAL TO COMMENCE NEGOTIATIONS IN RELATION TO THE PROPOSED ACQUISITION OF A MINORITY STAKE IN AFFIN HWANG INVESTMENT BANK BERHAD BY DAIWA SECURITIES GROUP INC. ("DAIWA") OR ONE OF ITS WHOLLY-OWNED SUBSIDIARIES ("PROPOSAL")
We refer to the previous announcement dated 6 May 2015.
On behalf of the Board of Directors of AFFIN, Affin Hwang Investment Bank Berhad wishes to announce that an application has been submitted to Bank Negara Malaysia today to seek its approval for an extension of time for both parties to conclude the negotiations for the Proposal.
Further announcements will be made as and when there are material developments pertaining to the Proposal.
This announcement is dated 19 October 2015.
|Company Name||AFFIN HOLDINGS BERHAD|
|Date Announced||19 Oct 2015|
|Category||General Announcement for PLC|