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, asset management and underwriting of life and general insurance business.

Member's Voluntary Winding-Up Of Affin Securities Sdn. Bhd.

Type

Announcement
Subject Member's Voluntary Winding-Up of AFFIN Securities Sdn. Bhd.

Contents :

AFFIN Holdings Berhad ("AHB") wishes to announce that AFFIN Securities Sdn. Bhd. ("AFFIN Securities"), a dormant and wholly-owned subsidiary of AFFIN Capital Holdings Sdn. Bhd. which in turn is a wholly-owned subsidiary of AHB, had on 26 November 2007 commenced Member's Voluntary Winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965.


Pursuant thereto, Mr. Tan Leh Kiah of AD-Consult Sdn. Bhd., Suite 13.03, 13th Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50400 Kuala Lumpur, has been appointed as Liquidator.

Brief Information on AFFIN Securities Sdn. Bhd.

AFFIN Securities was incorporated on 15 May 1997; its authorised share capital consists of RM100,000,000.00 divided into 100,000,000 ordinary shares of RM1.00 each and its paid up share capital is RM100,000,000.00 consisting of 100,000,000 ordinary shares of RM1-00 each.

Rationale for the Winding-up

The Member's Voluntary Winding-up of AFFIN Securities is to rationalise and streamline the AHB Group structure.

Effects of the Winding-up

The winding-up of AFFIN Securities will not have any financial effect on the AHB Group.

 


Announcement Info

Company Name AFFIN HOLDINGS BERHAD  
Stock Name AFFIN    
Date Announced 26 Nov 2007  
Category General Announcement
Reference No CC-071115-36555