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Affin Hwang Investment Bank acquires ABB Trustee

Malaysia's Affin Hwang Investment Bank Bhd. and its units closed the acquisition of ABB Trustee Bhd. from AFFIN Bank Bhd. and four other parties for about 630,000 ringgit.

The purchase price is subject to further adjustments.

Affin Hwang Investment Bank and AFFIN Bank are units of AFFIN Holdings Bhd.

As of Jan. 26, US$1 was equivalent to 4.43 Malaysian ringgit.