Focus on financial holding companies

Taking the lead: Under the AFG exercise, Alliance Bank Malaysia Bhd, which is the key entity controlling the group’s core banking subsidiaries including Alliance Investment Bank and Alliance Islamic Bank, will replace the listing status of the former.

Market waiting to see if they will follow Alliance’s lead and transfer listing status to their bank

FOLLOWING Alliance Financial Group Bhd’s (AFG) much-anticipated proposed corporate reorganisation to transfer its listing status to its own bank, the focus has turned to other listed financial holding companies (FHCs) to do the same.