Affin divestment to bring dividend cheer

The proposed divestment is expected to be completed by end of this month and would also raise the bank’s common equity Tier-1 (CET1) capital ratio.

PETALING JAYA: Shareholders are likely to celebrate a special dividend from the divestment by Affin Bank Bhd of its stake in Affin Hwang Asset Management Bhd (AHAM).

The proposed divestment is expected to be completed by end of this month and would also raise the bank’s common equity Tier-1 (CET1) capital ratio.