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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 DISPOSAL OF EQUITY INTEREST IN AFFIN INSURANCE BROKERS SDN. BHD. ("AIB") ("PROPOSED DISPOSAL") |
However, the approval by BNM is only for AHB to initiate discussions and negotiations with CIMBG and should not be deemed as the final approval. Under Section 67 of the Insurance Act 1996 (Act), BNM’s approval is required before entering into any agreement to acquire or dispose of equity interest in any licensees under the Act.
The Board expects negotiations to commence soon and further announcement will be made to Bursa Malaysia Securities Berhad on any development at the appropriate time.
This announcement is dated 16 October 2007.
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 16 Oct 2007 |
| Category | General Announcement |
| Reference No | MM-071016-38816 |
Copyright 2020 Affin Bank Berhad 197501003274 (25046-T).
