Notification of Merger 
 
 15 September 2014

Dear Valued Clients


As you may be aware, Affin Investment Bank Berhad (“AIBB”) and HwangDBS Investment Bank Berhad (“HwangIB”) are in the process of completing our merger. Our two investment banking businesses will officially merge on 22 September 2014 (“Customer Day One”), from which date we will operate as a single entity (“Affin Hwang Investment Bank Berhad”) trading under the new brand Affin Hwang Capital. Subsequently, the current Stockbroking businesses of AIBB and HwangIB will on Customer Day One, operate as “Affin Hwang Capital – Securities”.

This is a significant milestone for us and to facilitate the merger of HwangIB and AIBB, the High Court had on 3 June 2014 granted a Vesting Order where the entire business (including all assets and liabilities) of AIBB will be transferred to HwangIB. Pursuant to the Vesting Order, with effect from 20 September 2014 (“the Effective Date”), selected businesses of AIBB (including assets and liabilities) shall be vested in and assumed by HwangIB. Further and in addition, any agreements, contracts, deeds, indentures, deed polls or instruments which HwangIB is a party shall remain un-changed other than the company name.

We are excited by the enormous synergies and business opportunities that the merged Affin Hwang will bring and you have our assurance that post vesting, your rights and obligations under any existing contracts or agreements entered into with HwangIB will not be affected and the merged Affin Hwang will assume all rights and obligations of HwangIB to you.

As was widely reported in the press during the commencement of our merger, Affin Hwang Capital has ambitious plans to transform our existing business into a leading independent bank-backed investment banking player in Malaysia. We are also planning to launch new businesses, for instance a wealth management platform, to help us serve our clients better across a wider spectrum of products. Our commitment to this vision remains unchanged, and we have a clear strategy to achieve our goals which are backed by a deeply committed leadership team across the enlarged Affin Hwang Capital business.

From the Effective Date, all the normal trading accounts will be converted to the Retail Trust Account (“RTA”). For further details, please refer to the terms and conditions of the RTA appended with this document.  You are also advised to read and understand our latest terms and conditions of trading which are published in our trading portal.
If you have an online trading account with us, the following changes will take effect from the Effective Date:

  • Our new URL is www.affinhwang.com.Access your trading account online via the client log-in portal of our new website.
  • Your login ID, Password and Trading PIN will remain the same
Our bank accounts and bank account numbers will remain unchanged. However, please ensure that all payments, remittance and cheques are made payable to “Affin Hwang Investment Bank Berhad” from the Effective Date onwards.

Our correspondence address, telephone and facsimile numbers shall remain unchanged.

Should you have any further enquiries, please approach our counter staff or call our Customer Service at +604 263 6996. Alternatively, you may also reach out to your respective dealer and / or remisier at any time.

We appreciate your continued trust and support in us. Our relationship with you is very important to us and we look forward to taking our partnership to new heights in the future.
 


Thank you.



Sincerely,

Keong Si Hark

Head of Operations
HwangDBS Investment Bank

 
 
Previous Announcement:
Terms and Conditions of Trading
Completion of the Acquisition of HwangDBS Investment Bank Berhad by Affin Holdings Berhad
e-Share Payment
E'Invest STP Clients: Requirements and Risk Filters
E'Invest Lite version
E'Invest Mobile: Google Play and Apple App Store
HwangDBS-E'Invest Mobile
Replacement of 'Session' Order with 'Day' Order
Announcement on HwangDBS E'Invest New Order Panel
Changes for Bursa Trade Securities' (BTS) Trading Phases (effective 26th October 2009)
Bursa Trade Securities - 26 November 2008
New Trading Hall for Bursa Trade Securities - 18 July 2008
Launch Of New HWANGDBS-E'Invest Online Trading: BM - 3 December 2007
Launch Of New HWANGDBS-E'Invest Online Trading: PG, TP, SP, IP - 29 Octoboer 2007
Launch Of New HWANGDBS-E'Invest Online Trading: KU, KK - 24 September 2007
Launch Of New HWANGDBS-E'Invest Online Trading: JB, SB, CH, BB - 20 August 2007
Launch Of New HWANGDBS-E'Invest Online Trading: SA, TTDI, SJ - 06 August 2007
New HWANGDBS-E'Invest: Monitoring Portfolio, Order Status & Trading Reports - 02 August 2007
New HWANGDBS-E'Invest: Registration Period To Be Extended - 30 March 2007
New HWANGDBS-E'Invest: Internet Stock Trading System - 07 March 2007