Affin Bank has confirmed that based on the confirmation received from Lembaga Tabung Angkatan Tentera, its parent company had divested 112,558,000 ordinary shares in the banking group, representing 4.95% of the total issued shares.
LTAT had divested the share for a cash consideration of RM1.97 per share totaling approximately RM221.74 million, to State Financial Secretary Sarawak via a direct business transaction.
The latest announcement was made in a Bursa filing after news leaked on the impending sale by LTAT last week, during that time Affin denied of such activity have being taken place.
