KUALA LUMPUR: Affin Holdings Bhd
has agreed to acquire the investment banking, asset management and futures dealing assets of HwangDBS (M) Bhd for RM1.36bil.
The group said on Wednesday it will buy Hwang Investment Bank for RM1.09bil, or 1.28 times the latter's book value of RM849.26mil as at Jan 31, 2013.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
