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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Affin denies AMMB eyeing Affin Bank

Posted on 23 April 2013

Affin Holdings Bhd has dismissed speculation that it was involved in talks with AMMB Holdings Bhd as well as six other banks to sell off its banking unit, Affin Bank Bhd, said its deputy chairman Tan Sri Lodin Wok Kamaruddin.
“I can confirm that we’re not talking to anyone in terms of divestment or acquisition. We’ve just gotten approval to initiate discussions with Hwang-DBS (Malaysia) Bhd in view of acquiring Hwang-DBS. There is no other merger and acquisition (M&A) activity,” he told a press conference after the group’s AGM………………………………………..Full Article: Source

 
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