<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 27): Affin Bank Bhd is seeking Bank Negara Malaysia's (BNM) approval to acquire an additional 5.81% stake in AXA Affin General Insurance Bhd (AXA Affin GI) from Felda Marketing Services Bhd (Felma), an indirect subsidiary of Felda Global Ventures Holdings Bhd, for RM81.44 million cash.</p></div>

<div class=newsTextDataWrapInner><p>This is in addition to the 7.07% equity interest the bank is acquiring from Felma.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Affin Holdings Bhd said its wholly-owned subsidiary Affin Bank has submitted an application to seek the central bank's nod to enter into a share purchase agreement with Felma for the total 15.33 million shares, or 12.88% stake, in AXA Affin GI.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>If approved, the acquisitions will increase Affin Bank's total stake in the general insurance company to 49.95% from the current 37.07%.</p></div>

<div class=newsTextDataWrapInner><p>On Sept 18, BNM had approved Affin Bank's application to acquire the initial 7.07% stake in AXA Affin GI from Felma. Affin Holdings had proposed to acquire the initial stake of 8.4 million shares for RM99.09 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Affin Holdings closed up 2 sen or 0.84% at RM2.40 today, giving it a market capitalisation of RM4.66 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Nov 27): Affin Bank Bhd is seeking Bank Negara Malaysia's (BNM) approval to acquire an additional 5.81% stake in AXA Affin General Insurance Bhd (AXA Affin GI) from Felda Marketing Services Bhd (Felma), an indirect subsidiary of Felda Global Ventures Holdings Bhd, for RM81.44 millio...

Affin seeks BNM's nod for additional shares in AXA Affin GI

Four-cornered fight for Kuala Kubu Baharu state constituency — EC

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Apple Inc has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.

Apple intensifies talks with OpenAI for iPhone generative AI features

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

<p>The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.</p>


Who pays for anytime EPF withdrawals?

<p>China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.</p>


China passes tariff law amid tensions with trading partners

<p>Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.</p>


Global stocks gain on Big Tech lift; yen slides to 34-year low

<p>The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).</p>


<p>Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.</p>


<p><em><strong>More to come</strong></em></p>
...

<p>Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).</p>


<p>US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.</p>


<p>The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.</p>

<p>The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


<p>Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


<p>Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.</p>


<p>Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;</p>


<p>Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.</p>

<p>The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.</p>
