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AFFIN Holdings Bhd will acquire selective assets of Hwang DBS for RM1.363bil. The assets are a 100% interest in Hwang DBS Investment Bank (Hwang IB) (RM1.088bil), RM262mil for a 70% interest in Hwang Investment Management, 49% interest in Asian Islamic Investment Management Sdn Bhd (AIIIM) and RM13mil for 100% interest in HDM Futures Sdn Bhd.
CIMB Research is maintaining its Overweight call on the aviation sector in the country but is cutting its forecast for AirAsia, AirAsia X and MAS, with only Malaysia Airports Holding Bhd having its figures upgraded.
SIBU: Airline companies are not barred from operating international flights in and out of Sibu.
SEPANG: Malaysia Airports Holdings Bhd (MAHB) posted a higher net profit of RM100.69mil for the second quarter ended June 30 against RM91.1mil a year ago.