KUALA LUMPUR: Affin Holdings Bhd has received Bank Negara Malaysia’s (BNM) approval to acquire an additional 5.81 per cent equity interest in AXA Affin General Insurance Bhd (AXA AFFIN GI) from Felda Marketing Services Bhd.
In a filing to Bursa Malaysia today, it said, the acquisition would increase Affin Holdings equity interest in the insurance company to 49.95 per cent.
Affin Holdings share rose four sen to close RM2.33, with 324,300 shares transacted on Bursa Malaysia. – Bernama