Affin expects transfer listing to complete in first-half 2018

Affin said in a stock exchange filing that both parties were not able to finalise the transaction documents for the sale of the stake in time and in accordance with the central bank

PETALING JAYA: Affin Holdings Bhd (AHB) expects the proposed transfer of its listing status to Affin Bank Bhd to be completed within the first half of 2018.

In its latest announcement on the reorganisation, AHB told Bursa Malaysia that it and Affin Bank had inked a share sale agreement (SSA) to transfer the entire shareholdings held by AHB in four companies to Affin Bank.