Affin Bank's 63%-owned Affin Hwang Asset Management (AHAM) is expected to go for an IPO over the next one to two years and this should unlock some value for Affin, one of the two smallest lenders in the country.
PETALING JAYA: Besides the now well-priced in factor of an improving economy, Affin Bank Bhd has another factor going for it in the form of its subsidiary’s pending initial public offering (IPO).
Its 63%-owned Affin Hwang Asset Management (AHAM) is expected to go for an IPO over the next one to two years and this should unlock some value for Affin, one of the two smallest lenders in the country.
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