The Board of Directors of AFFIN wishes to announce that its wholly-owned subsidiary, Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) had on 20 September 2016 acquired the entire issued and paid-up share capital of 2 shelf companies, namely Classic Uptrend Sdn Bhd (Company No: 1190002-D) (“Classic Uptrend”) and Sole Delta Sdn Bhd (Company No: 1190138-W) (“Sole Delta”), for a total cash consideration of RM2.00 each (“Acquisitions”). Both Classic Uptrend and Sole Delta became the wholly-owned subsidiaries of Affin Hwang IB upon the completion of the Acquisitions.

For full details of the announcement, please refer to the attached file.

This announcement is dated 29 September 2016.