Sarawak becomes largest shareholder in Affin Bank with 31.25% stake


KUALA LUMPUR: The Sarawak state government, through its wholly-owned subsidiary, SG Assetfin Holdings Sdn Bhd, has finalised the share purchase agreement (SPA) of Affin Bank shares from Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd.

Consequently, Sarawak is now the largest shareholder in Affin Bank, raising its stake to 31.25 per cent from 4.81 per cent previously.

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