KUALA LUMPUR: Affin Holdings Bhd submitted an application to Bank Negara Malaysia (BNM) today, seeking approval to acquire 8,411,959 ordinary shares in AXA Affin General Insurance Bhd for RM99.09 million, from Felda Marketing Services Sdn Bhd.
The approval is also to enter into a share purchase agreement with Felda Marketing for the proposed acquisition, said Affin Holdings in a filing to Bursa Malaysia today.
It said further details on the proposed acquisition will be announced later upon execution of the sales and purchase agreement once the Central Bank’s approval was obtained.