Japan-based Bank Daiwa eyes Affin Hwang IB stake

PETALING JAYA: Japan-based Investment Bank Daiwa Securities Group Inc will begin talks to acquire a minority stake in Affin Hwang Investment Bank Bhd (formerly known as HwangDBS Investment Bank Bhd).

Affin Holdings Bhd said in an announcement to Bursa Malaysia that Bank Negara had given both parties the green light for these negotations noting that it “had no objection in principle.”