KAF Group will not buy a 30% stake in Affin Bank Bhd, a wholly-owned subsidiary of Affin Holdings Bhd
(AHB). However, it is still in talks with Malaysia International Shipping Corp Bhd (MISC) to acquire 36.8% of Affin Merchant Bank.
In a statement to the KLSE, AHB said the banking group and KAF group had mutually agreed to abandon negotiations on the proposed subscription to a 30% equity interest in Affin Bank.
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