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HwangDBS shares up after buy agreement
by Cals Thu 05 Sep 2013, 01:28
Published: Wednesday September 4, 2013 MYT 3:27:00 PM
Updated: Wednesday September 4, 2013 MYT 3:30:14 PM
HwangDBS shares up after buy agreement
KUALA LUMPUR: Shares of HwangDBS (M) Bhd rose to a high of RM4.16 on Wednesday after Affin signed an exclusivity agreement with HwangDBS to buy HwangDBS Investment Bank Bhd.
At 3.20pm, HwangDBS was added 42 sen to RM4.10 with 363,000 shares traded between RM3.71 and RM4.16.
The FBM KLCI fell 6.01 points to 1,718.2. Turnover was 1.05 billion valued at RM1.04bil. There were 214 gainers, 416 decliners and 282 counters unchanged.
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.
Updated: Wednesday September 4, 2013 MYT 3:30:14 PM
HwangDBS shares up after buy agreement
KUALA LUMPUR: Shares of HwangDBS (M) Bhd rose to a high of RM4.16 on Wednesday after Affin signed an exclusivity agreement with HwangDBS to buy HwangDBS Investment Bank Bhd.
At 3.20pm, HwangDBS was added 42 sen to RM4.10 with 363,000 shares traded between RM3.71 and RM4.16.
The FBM KLCI fell 6.01 points to 1,718.2. Turnover was 1.05 billion valued at RM1.04bil. There were 214 gainers, 416 decliners and 282 counters unchanged.
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.
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