×
Always about You
Can't find what you are looking for? Enter the keywords and let us search for you.
What others are also searching:
Annual Report
Quarterly Results
AGM
×
Can't find what you are looking for? Enter the keywords and let us search for you.
What others are also searching:
Investor Relations
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 | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
AFFIN HOLDINGS BERHAD ("AFFIN") PROPOSED ACQUISITION OF A MINORITY STAKE IN AFFIN HWANG INVESTMENT BANK BERHAD BY DAIWA SECURITIES GROUP INC. ("DAIWA SECURITIES") OR ONE OF ITS WHOLLY-OWNED SUBSIDIARIES ("PROPOSAL") |
|
We refer to our announcement dated 29 February 2016. On behalf of the Board of AFFIN, Affin Hwang Investment Bank Berhad (“AHIB”) wishes to announce that Bank Negara Malaysia (“BNM”) has vide its letter dated 24 October 2016 granted its approval for the Proposal. The said approval is subject to certain conditions, as follows: (i) finalisation of the shareholders agreement and related documentations to effect the Proposal in accordance with BNM’s approval; and (ii) AHIB obtaining the necessary approvals from other regulatory authorities, including the Securities Commission with regard to the proposed change in shareholder. AFFIN and Daiwa Securities will review and deliberate on the terms and conditions of BNM’s approval towards the finalisation of the Proposal. We will make further announcements on any subsequent development in due course. This announcement is dated 25 October 2016. |
|
| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 25 Oct 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25102016-00113 |
Copyright 2020 Affin Bank Berhad 197501003274 (25046-T).
