Affin to unlock value via AHAM listing


Fund-savvy: Teng has more than 20 years experience in the asset management industry.

Affin Bank Bhd is looking to list its 70%-owned subsidiary, Affin Hwang Asset Management (AHAM), as a way to unlock value in one of its most profitable subsidiaries.

Affin Bank is 35.51% owned by the Armed Forces Fund Board (LTAT) and 20.73% held by Boustead Holdings Bhd. LTAT also directly holds 59.46% in Boustead Holdings.

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