Affin says LTAT in discussions with Sarawak govt for additional stake in the bank

KUALA LUMPUR: Affin Bank Bhd said its major shareholder - Lembaga Tabung Angkatan Tentera (LTAT) - has confirmed a news report that the armed forces fund is in discussions with the Sarawak State Financial Secretary for the "possible transaction of additional shares” in the bank.

"Upon enquiry with LTAT, the major shareholder of the company, LTAT has informed that they are in discussions with the Sarawak State Financial Secretary for the possible transaction of additional shares in Affin Bank. Any transaction that may result from the discussions will be done in accordance with the relevant rules and regulations,” it said in a stock exchange filing in response to the news report.