News

News

Transactions (Chapter 10 Of Listing Requirements):Non Related Party Transactions

BackAug 16, 2012

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description AFFIN HOLDINGS BERHAD (“AHB”)

APPROVAL BY BANK NEGARA MALAYSIA (“BNM”) TO COMMENCE NEGOTIATIONS WITH THE SHAREHOLDERS OF BANK MUAMALAT MALAYSIA BERHAD (“BMMB”) FOR A POSSIBLE ACQUISITION OF EQUITY INTERESTS IN BMMB (“PROPOSED ACQUISITION”)

On behalf of the Board of Directors of AHB, AFFIN Investment Bank Berhad wishes to announce that BNM had, vide its letter dated 15 August 2012 which was received on 16 August 2012, stated that it has no objection for AHB to commence negotiations with DRB-Hicom Berhad and Khazanah Nasional Berhad for a possible acquisition of equity interests in BMMB.  The negotiations are to be completed on or before 31 December 2012.

The abovementioned letter from BNM should not be construed as an approval for the Proposed Acquisition.

We will make further announcements as and when there are material developments pertaining to the Proposed Acquisition. 

This announcement is dated 16 August 2012.

 


Announcement Info

Company Name AFFIN HOLDINGS BERHAD  
Stock Name AFFIN    
Date Announced 16 Aug 2012  
Category General Announcement
Reference No MI-120816-65241