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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 (“AHB”) Member’s Voluntary Winding Up of Merchant Nominees (Asing) Sdn. Bhd. |
| Contents | AFFIN Holdings Berhad (“AHB”) wishes to announce that Merchant Nominees (Asing) Sdn. Bhd. (“MNASB”), a dormant and wholly-owned subsidiary of AFFIN Investment Bank Berhad, which in turn is a wholly-owned subsidiary of AHB, had on 30 July 2010 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 of Merchant Nominees (Asing) Sdn. Bhd. MNASB was incorporated on 26 December 1974; its authorised share capital consists of RM100,000-00 divided into 100,000 ordinary shares of RM1-00 each and its paid up share capital is RM2-00 consisting of 2 ordinary shares of RM1-00 each fully paid up. Rationale for the Winding-up The Member’s Voluntary Winding-up of MNASB is to rationalise and streamline the AHB Group Structure. Effects of the Winding-up The winding-up of MNASB will not have any financial effect on the AHB Group. This announcement is dated 2 August 2010. |
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 2 Aug 2010 |
| Category | General Announcement |
| Reference No | CCS-100729-13A84 |
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