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Affin Holdings inks deal to buy HwangDBS Investment Bank

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Affin Holdings inks deal to buy HwangDBS Investment Bank

Post by Cals Thu 05 Sep 2013, 01:28

Published: Wednesday September 4, 2013 MYT 1:07:00 PM
Updated: Wednesday September 4, 2013 MYT 1:32:44 PM
Affin Holdings inks deal to buy HwangDBS Investment Bank

KUALA LUMPUR: Affin Holdings Bhd has signed an exclusivity agreement with HwangDBS (Malaysia) Bhd to buy HwangDBS Investment Bank Bhd.

Affin said on Wednesday the agreement included a 100% stake in the investment bank and HDM Futures Sdn Bhd, 70% interest in Hwang Investment Management Bhd and 49% interest in Asian Islamic Investment Management Sdn Bhd

"Under the agreement, both parties will proceed to make their respective applications to Bank Negara Malaysia," said Affin.

Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Comments : â€œMy plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

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