Why are Affin and AMMB going after Hwang-DBS?


PETALING JAYA: The two main suitors for Hwang-DBS (M) Bhd Affin Holdings Bhd and AMMB Holdings Bhd have expressed the importance of owning a stockbroker in their pursuit of growth.

Boustead Holdings Bhd deputy chairman and group managing director Tan Sri Lodin Wok Kamaruddin told StarBiz that if “everything goes well”, Hwang-DBS would help Affin, which is Boustead's banking unit, grow its stockbroking and fund management business “substantially”.

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