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 19 October 2015.
On behalf of the Board of Directors of AFFIN, Affin Hwang Investment Bank Berhad wishes to announce that Bank Negara Malaysia had vide its letter dated 6 November 2015 (received on 7 November 2015) stated that it has no objection to AFFIN’s application for an extension of four (4) months up to 29 February 2016 to complete its negotiations with Daiwa in relation to the Proposal.
Further announcements will be made as and when there are material developments pertaining to the Proposal.
This announcement is dated 9 November 2015.
|Company Name||AFFIN HOLDINGS BERHAD|
|Date Announced||09 Nov 2015|
|Category||General Announcement for PLC|