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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 | 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. |
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| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 16 Aug 2012 |
| Category | General Announcement |
| Reference No | MI-120816-65241 |
Copyright 2020 Affin Bank Berhad 197501003274 (25046-T).
