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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 THE “COMPANY”) I. PROPOSED ACQUISITION OF 65,280,000 EXISTING ORDINARY SHARES, REPRESENTING 20.82% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF P.T. BANK INA PERDANA (“BANK INA”)(“PROPOSED ACQUISITION”); II. PROPOSED SUBSCRIPTION OF 185,600,000 NEW ORDINARY SHARES, REPRESENTING 59.18% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF BANK INA (“PROPOSED SUBSCRIPTION”); AND III. PROPOSED PUT AND CALL OPTION IN RESPECT OF UP TO 56,488,856 EXISTING ORDINARY SHARES, REPRESENTING UP TO 18.01% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF BANK INA (“PROPOSED OPTION”) (I) AND (II) ARE COLLECTIVELY REFERRED TO AS THE “PROPOSED EQUITY PARTICIPATION” (I), (II) AND (III) ARE COLLECTIVELY REFERRED TO AS THE “PROPOSALS” |
| Contents | On behalf of the Board of Directors of AFFIN, AFFIN Investment Bank Berhad is pleased to announce that AFFIN Bank Berhad, a wholly-owned subsidiary of AFFIN proposes to undertake the Proposals. Kindly refer to the attachments below for further details on the above Proposals and a copy of the media release dated 4 August 2010 in relation to the Proposals. |
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 4 Aug 2010 |
| Category | General Announcement |
| Reference No | MI-100804-43896 |
Attachments
Copyright 2020 Affin Bank Berhad 197501003274 (25046-T).
