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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 | 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 25 October 2016. On behalf of the Board of AFFIN, Affin Hwang Investment Bank Berhad (“AHIB”) wishes to announce that Securities Commission Malaysia ("SC") has via its letter dated 2 November 2016 granted its approval for the Proposal. AFFIN and Daiwa Securities will review and deliberate on the terms of SC’s approval. We will make further announcements on any subsequent development in due course. This announcement is dated 2 November 2016. |
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| Company Name | AFFIN HOLDINGS BERHAD |
| Stock Name | AFFIN |
| Date Announced | 02 Nov 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02112016-00068 |
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