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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 ("AFFIN" OR "COMPANY") - JOINT VENTURE BETWEEN AFFIN FUND MANAGEMENT BERHAD (“AFM”) WITH ASIA EQUITY PARTNERS SDN BHD (“AEP”) (“JV”) |
| Contents | We refer to our earlier announcements dated 7 March 2007 and 18 November 2008 with regard to the JV. We wish to announce that both AFM, a wholly-owned subsidiary of AFFIN Investment Bank Berhad, which in turn is a wholly-owned subsidiary of AFFIN, and AEP had decided not to proceed with the JV due to the challenging financial market conditions. This announcement is dated 19 November 2008. |
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| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 19 Nov 2008 |
| Category | General Announcement |
| Reference No | CC-081119-61091 |
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