Affin seeks Bank Negara nod

5 Aug 2017 - The Star Online
KUALA LUMPUR: Affin Holdings Bhd is seeking Bank Negara Malaysia’s approval to acquire 7.07% equity interest in AXA Affin General Insurance Bhd (AAGI) from Felda Marketing Services Sdn Bhd for RM99.09mil in cash - short of the 16% stake that it was eyeing earlier. In a filing with Bursa Malaysia, the ...
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CMIA, Affin Hwang acquire majority stake in Bitsmedia

1 Aug 2017 - The Star Online
SINGAPORE: Singapore-based private equity firm, CMIA Capital Partners, in partnership with Affin Hwang Asset Management (AHAM) on Tuesday led the acquisition of a majority stake in Bitsmedia Holdings Ltd. The combined stake purchased by CMIA and AHAM is about 90% but the value was not disclosed. Headquartered ...
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HLIB positive on Affin Holdings regulatory approvals

17 Jul 2017 - The Star Online
KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB) is “positive” with the latest announcement by Affin Holdings Bhd that it has obtained regulatory approval to transfer listing to Affin Bank. “We are positive with the latest announcement which will eventually lead to Affin Holdings collapsing its ...
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Authorities okay Affin's proposed reorganisation

14 Jul 2017 - The Star Online
KUALA LUMPUR: Affin Holdings Bhd has received approval from the finance ministry and Bank Negara for the reorganisation of the Affin group of companies. The approvals for the proposed reorganisation, distribution and subscription were pursuant to the Financial Services Act 2013 and the Islamic Financial ...
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Affin obtains MOF, Bank Negara approvals for reorganisation

14 Jul 2017 - The Star Online
KUALA LUMPUR: Affin Holdings Bhd has received the approvals from the Finance Minister and Bank Negara Malaysia to proceed with the banking group’s proposed reorganisation. The reorganisation entails the transfer of Affin’s entire shareholding in Affin Hwang Investment Bank Bhd, Affin Moneybrokers Sdn ...
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Affin Hwang Research raises Hai-O target price, upbeat on outlook

30 Jun 2017 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research is positive on Hai-O’s management quality and its ability to deliver growth going forward and reiterated its Buy call on the stock. It had on Friday rolled forward its valuation to CY18E and raised its target price to RM4.92 from RM4.22, using the same price-to-earnings ...
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Affin Hwang Research maintains Buy for Perak Transit

21 Jun 2017 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research is maintaining its Buy call on transport operator Perak Transit with a higher target price (TP) of 40 sen which is based on discounted cashflow (DCF), providing 33.1% upside. Its last traded price was 30 sen. It said on Wednesday it changed its valuation methodology ...
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Maybank, Affin clinch awards for risk management initiatives

20 Jun 2017 - The Star Online
KUALA LUMPUR: Two Malaysian banks - Malayan Banking Bhd (Maybank) and Affin Bank Bhd - were honoured at The Asian Banker Risk Management Awards and Risk Technology Implementation Awards 2017 held in Singapore earlier this month. Maybank bagged the Achievement in Risk Management Award while Affin netted ...
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