KUALA LUMPUR: Affin Holdings Bhd
has received approvals from the Finance Minister and Bank Negara to proceed with the banking group’s proposed reorganisation.
In a filing with Bursa Malaysia, it said the reorganisation would entail the transfer of Affin’s entire shareholding in Affin Hwang Investment Bank Bhd, Affin Moneybrokers Sdn Bhd, AXA Affin Life Insurance Bhd and AXA Affin General Insurance Bhd to Affin Bank Bhd.
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