KUALA LUMPUR: Affin Bank Bhd
has obtained approval from the Securities Commission (SC) for the change of controller to meet the conditions for its proposed RM50mil acquisition of Pheim Asset Management Sdn Bhd (Pheim AM).
In a filing with Bursa Malaysia, the bank said the approval was granted on April 13, 2026, for the change in the controller of Pheim AM, Pheim Islamic Asset Management Sdn Bhd, and Pheim Unit Trusts Bhd pursuant to the proposed acquisition.
The bank noted that the approval is subject to any conditions imposed by the SC. Earlier this month, Affin Bank announced that it had received approval from Bank Negara Malaysia for its proposed acquisition of Pheim AM.
The proposed acquisition, first announced in November 2025, involves the purchase of the entire equity interest in Pheim AM. — Agencies
