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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" OR "COMPANY") PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN AHB REPRESENTING UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PRIVATE PLACEMENT") |
On behalf of the Board of Directors of AHB, Affin Merchant Bank Berhad ("Affin Merchant") is pleased to announce that the Securities Commission ("SC") has, vide its letter dated 30 May 2006 (which was received on 31 May 2006), granted a final extension of time to 24 November 2006 ("Proposed Extension") to implement the Private Placement.
The approval from the SC for the Proposed Extension is however subject to the following conditions:
· Affin Merchant and AHB is required to comply with all the terms and conditions in the SC’s approval letter dated 25 November 2004; and
· Affin Merchant and AHB is required to comply with paragraphs 7(a) and (b), Guidance Note 8C, Policies and Guidelines on Issue / Offer of Securities.
This announcement is dated 1 June 2006.
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 1 Jun 2006 |
| Category | General Announcement |
| Reference No | MM-060531-66987 |
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