KUALA LUMPUR: RAM Rating Services Bhd is monitoring Affin Holdings Bhd
's proposed take-over of HwangDBS Investment Bank Bhd (HwangDBS Bank, rated A2/Stable/P1).
"While the salient terms of the proposed take-over have yet to be revealed, we understand that the exercise is targeted for completion by the first quarter of next year," it said on Thursday.
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