×
Always about You
Can't find what you are looking for? Enter the keywords and let us search for you.
What others are also searching:
Annual Report
Quarterly Results
AGM
×
Can't find what you are looking for? Enter the keywords and let us search for you.
What others are also searching:
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.
|
Type |
Announcement |
| Subject | AFFIN HOLDINGS BERHAD ("AHB") PROPOSED PLACEMENT TO THE BANK OF EAST ASIA, LIMITED (“BEA”) OF NEW ORDINARY SHARES OF RM1.00 EACH IN AHB REPRESENTING UP TO 15% OF THE ISSUED AND PAID-UP SHARE CAPITAL IN AHB (“PROPOSED PLACEMENT”) |
On behalf of AHB, we are pleased to announce that Bank Negara Malaysia ("BNM") had via its letter dated 10 September 2007 informed that the Minister of Finance (“MOF”) has approved for AHB and BEA to enter into an agreement or arrangement which would result in BEA acquiring interest in shares of AFFIN Bank Berhad, AFFIN Investment Bank Berhad and AFFIN Moneybrokers Sdn Bhd through the Proposed Placement, pursuant to Section 45(1)(b) of the Banking and Financial Institutions Act, 1989.
The MOF has also approved for BEA to acquire interest in shares of AXA AFFIN Life Insurance Berhad, AXA AFFIN General Insurance Berhad and AFFIN Insurance Brokers Sdn Bhd through the Proposed Placement, pursuant to Section 67 of Insurance Act, 1996.
The approval by MOF is subject to compliance with BNM's shareholding policies from time to time.
On behalf of AHB, we also wish to inform the Exchange that AHB has today issued a press release on the above. A copy of the press release is attached herewith.
This announcement is dated 11 September 2007.
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 11 Sept 2007 |
| Category | General Announcement |
| Reference No | MM-070911-58751 |
Attachments
Copyright 2024 Affin Bank Berhad 197501003274 (25046-T).
