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  5. Affin Bank Acquires HDM Futures Sdn. Bhd.

M&A Deal Summary

Affin Bank Acquires HDM Futures Sdn. Bhd.

On April 7, 2014, Affin Bank acquired financial services company HDM Futures Sdn. Bhd.

Acquisition Highlights
  • This is Affin Bank’s 1st transaction in the Financial Services sector.
  • This is Affin Bank’s 1st transaction in Malaysia.

M&A Deal Summary
Date 2014-04-07
Target HDM Futures Sdn. Bhd.
Sector Financial Services
Buyer(s) Affin Bank
Deal Type Add-on Acquisition

Target

HDM Futures Sdn. Bhd.

Shah Alam, Malaysia
HDM Futures Sdn. Bhd. is a provider of brokerage services and offers both execution and clearing services.

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Buyer(S) 1

Buyer

Affin Bank

Kuala Lumpur, Malaysia
Category Company
Founded 1975
Sector Financial Services
Employees5,692
Revenue 2.3B MYR (2024)
DESCRIPTION

Affin Bank is a home-grown financial services conglomerate. It focuses on the provision of commercial and investment banking services, money broking, fund management, and underwriting of general and life insurance business. Affin Bank was founded in 1975 and is based in Kuala Lumpur, Malaysia.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Malaysia M&A 1 of 1
Year: 2014 M&A 1 of 1
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