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Affin Holdings Bhd - 5185(AFFIN)

Affin Holdings Bhd - 5185 (AFFIN)

Affin Holdings Bhd lists under Main Market of Bursa Malaysia. It has been classified in the Finance sector. The stock code uses in Bursa Malaysia is "5185" or identify by stock name of "AFFIN". More information about Affin Holdings Bhd can be found in their website (www.affin.com.my).

Interim 12 cents06-12-201108-12-201130-12-2011
Stock quote also available at Bursa Malaysia, The Star.

From IMA Sdn Bhd to Affin Motor and Credit Finance (Malaysia) Sdn Bhd on 16.01.1979. to Affin Holdings Sdn Bhd on 02.03.1991, to Affin Holdings Berhad .

AFFIN Holdings Berhad (AHB) was incorporated in Malaysia on 31 May 1975 as a private limited company under the name of I.M.A Sdn Bhd. It started off as a credit company providing hire-purchase financing for motor vehicles. On 15 September 1978, it changed its name to AFFIN Motor and Credit Finance (Malaysia) Sdn Bhd. Subsequently it changed its name again to AFFIN Credit (Malaysia) Sdn Bhd on 16 January 1979 and thereafter to AFFIN Holdings Sdn Bhd on 2 March 1991. It was converted into a public company under its present name on 6 May 1991. In the last decade, AHB has changed substantially in terms of group organisation structure through a series of mergers and acquisitions which had been undertaken to facilitate AHB’s status as the flagship financial services subsidiary of its major shareholder, Lembaga Tabung Angkatan Tentera (LTAT).


Listed on Bursa Malaysia on 4 November 1991 with AFFIN Finance Berhad and AFFIN Merchant Bank Berhad (now known as AFFIN Investment Bank Berhad) as subsidiaries and AXA AFFIN Assurance Berhad (now known as AXA AFFIN General Insurance Berhad) as an associate company


Undertook a joint corporate exercise with Boustead Holdings Berhad to acquire 100% interest in Perwira AFFIN Bank


Acquired Antara Discount Berhad (now known as AFFIN Discount Berhad) and Telenas (Malaysia) Sdn Bhd (now known as AFFIN Moneybrokers Sdn Bhd)


Expanded its operations to include stockbroking business through 55% interest in AFFIN-UOB Securities Sdn Bhd (now known as Affin Securities Sdn Bhd)


Acquired ACF Holdings Bhd and Asia Commercial Finance (M) Bhd from the Lion Group


Acquired BSN Commercial Bank Berhad


Acquired United Overseas Bank (UOB)’s 45% stake in AFFIN Securities Sdn Bhd


Acquired the remaining 37.88% interest in AFFIN-ACF Holdings Berhad (now known as AFFIN-ACF Holdings Sdn Bhd) in January 2005

Completed the merger of AFFIN Bank Berhad and AFFIN-ACF Finance Berhad (now known as AFFIN-ACF Capital Sdn Bhd) on 1 June 2005

Acquired the remaining 36.84% interest in AFFIN Merchant Bank Berhad (now known as AFFIN Investment Bank Berhad) from MISC Enterprises Holdings Sdn Bhd in December 2005


AFFIN Islamic Bank Berhad commenced its business operation on 3 April 2006

AXA AFFIN Life Insurance Berhad (51% owned by AFFIN Holdings Berhad) acquired life insurance business of Tahan Insurance Malaysia Berhad in June 2006 and commenced its business operation on 1 July 2006

Completed the transfer of discount house business of AFFIN Discount Berhad to AFFIN Investment Bank Berhad in July 2006. On the same date, AFFIN Investment Bank also acquired AFFIN Fund Management Sdn Bhd and AFFIN Trust Management Berhad from AFFIN Holdings Berhad to form an Investment Bank


The Stockbroking Business of AFFIN Securities Sdn Bhd is transferred to AFFIN Investment Bank Berhad on 1 Jan 2007 to form a full fledged Investment Bank

AXA AFFIN Life Insurance Berhad was officially launched on 30 January 2007

The assets and liabilities of AFFIN Trust Management Berhad was transferred to AFFIN Fund Management Berhad with effect from 1 July 2007

AHB entered into an agreement with the Bank of East Asia, Limited on 18 September 2007 for the placement of new ordinary shares of RM1 each representing up to 15% of the issued and paid-up share capital in AHB. Subsequently, The Bank of East Asia, Limited became one of the substantial shareholders of AHB


AFFIN-ACF Holdings Berhad (a 100% subsidiary of AFFIN Holdings Berhad) had entered a share sale agreement with Commerce International Group Berhad on 10 November 2008 for the disposal of 100% equity interest in AFFIN Insurance Brokers Sdn Bhd.

AFFIN Group is a major home-grown financial services conglomerate. The Group’s primary activities focus on the provision of commercial, islamic and investment banking services, money broking, fund management, underwriting of general and life insurance business. The prominent shareholder of AFFIN Holdings Berhad is Lembaga Tabung Angkatan Tentera, the nation’s premier superannuation fund manager for the armed forces.

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