AFFIN Holdings Berhad ("AHB") wishes to announce that AFFIN Investment Berhad (Company No. 9999-V) (formerly known as AFFIN Investment Bank Berhad) ("AIB"), a dormant and wholly-owned subsidiary of AHB, had on 31 December 2015 commenced Members' Voluntary Winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965.

Pursuant thereto, Datuk Tan Leh Kiah of AD-Consult Sdn. Bhd., Suite 13.02, 13th Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50400 Kuala Lumpur, has been appointed as Liquidator.

Brief Information on AIB

AIB was incorporated on 3 October 1970. Its authorised share capital is RM1,000,000,000.00 consisting of 1,000,000,000 ordinary shares of RM1.00 each and its paid up share capital is RM222,245,853.00 consisting of 222,245,853 ordinary shares of RM1.00 each.

AIB was principally engaged in investment banking, stockbroking activities and related financial services prior to the transfer of its entire business, assets and liabilities to AFFIN Hwang Investment Bank Berhad ("AFFIN Hwang IB") on 20 September 2014, pursuant to the Vesting Order obtained from the High Court of Malaya. The company ceased its operations as an investment bank on the same day and became dormant thereafter.

Rationale for the Winding-up

The Members' Voluntary Winding-up of AIB is to rationalise and streamline the AHB Group structure.

Effects of the Winding-up

The winding-up of AIB is not expected to have any material effect on the earnings and net assets of the AHB Group for the financial year ended 31 December 2015.


This announcement is dated 6 January 2016.