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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 | Member's Voluntary Winding Up of AFFIN Trust Management Berhad |
| Contents | AFFIN Holdings Berhad ("AHB") wishes to announce that AFFIN Trust Management Berhad ("AFFIN Trust"), a dormant and wholly-owned subsidiary of AFFIN Fund Management Berhad which is a wholly-owned subsidiary of AFFIN Investment Bank Berhad, which in turn is a wholly-owned subsidiary of AHB, had on 2 March 2009 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 Trust Management Berhad AFFIN Trust was incorporated on 29 April 1992; its authorised share capital consists of RM10,000,000.00 divided into 10,000,000 ordinary shares of RM1.00 each and its paid up share capital is RM5,000,000.00 consisting of 5,000,000 ordinary shares of RM1.00 each. Rationale for the Winding-up The Member’s Voluntary Winding-up of AFFIN Trust is to rationalise and streamline the AHB Group Structure. Effects of the Winding-up The winding-up of AFFIN Trust will not have any financial effect on the AHB Group. |
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| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 2 Mar 2009 |
| Category | General Announcement |
| Reference No | CC-090218-54228 |
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