KUALA LUMPUR: Affin Holdings Bhd’s unit, Affin Hwang Asset Management Bhd (Affin Hwang AM), is acquiring a 51 per cent equity in Asian Islamic Investment Management Sdn Bhd (AIIM) from Nikko Asset Management Asia Ltd for RM11.73 million cash. Affin Hwang AM has also inked a shares sale and purchase agreement to acquire a 49 per cent equity in AIIM from Affin Hwang Investment Bank Bhd for RM11.27 million cash. Affin Holdings said the deal is expected to be completed by the end of September.
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