Sarawak set to formalize stake increase in Affin Bank
Currently, LTAT holds a 28.88% stake in Affin Bank, while Boustead, wholly owned by LTAT, possesses about 20%. Sarawak's acquisition will include Boustead’s entire stake and a portion of LTAT's shares, positioning Sarawak as the largest shareholder in Affin Bank. Presently, Sarawak holds a modest 4.8% stake.