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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 | PROPOSED RATIONALISATION OF INTERESTS IN BH INSURANCE (M) BHD (formerly known as ROYAL & SUN ALLIANCE INSURANCE (M) BHD) (“BHI”) AND AXA-AFFIN GENERAL INSURANCE BERHAD (“AXA-AFFIN”) (“PROPOSED RATIONALISATION”) |
| Contents | We refer to the Boustead Holdings Berhad’s announcement dated 5 December 2007 in relation to the receipt of the approval in principle from Bank Negara Malaysia (BNM) on the Proposed Rationalisation. The approval in principle from BNM for commencement of the negotiations is not an approval for the proposed rationalisation. Further announcement of any relevant development will be made to Bursa Malaysia Securities Berhad. This announcement is dated 5 December 2007. |
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| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 5 Dec 2007 |
| Category | General Announcement |
| Reference No | CC-071205-65223 |
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