Affin Bank sells asset management arm to CVC Capital Partners for over RM2b, say sources | The Edge Markets

KUALA LUMPUR (Jan 27): Affin Bank Bhd is said to have clinched a cash deal to sell its asset management arm, Affin Hwang Asset Management Bhd (Affin Hwang AM), the banking group’s crown jewel.

The price tag is believed to be in the range of RM2.3 billion to RM2.6 billion cash, according to sources.

Private equity fund CVC Capital Partners is among the interested parties wanting to take over Affin Hwang AM, whose asset under management has grown to RM81 billion as at end-2021.

...

REMINDER for today

versa updated 2.46%* p.a. as projected for 2022

their faq stated "net interest is projected at approximately 2.0 - 2.1% per annum"

https://support.versa.com.my/hc/en-us/artic...est-calculated-

earlier some posters calculated nett effective return is slightly <2% p.a. last year.

conflicting with their own FAQ (cutoff 2:30pm)

When will I see the money in my bank account after I perform a withdrawal in Versa? – Versa Asia

not so soon. somewhere between 7-8pm.

today havent ended also. IBG last receiving window is by 11pm. This is your benchmark.

This post has been edited by cybpsych: Feb 24 2022, 06:31 PM

yeahhhh I got both rm8 + rm5

already moved funds from versa to kdi save

this rm8+5 might just leave in versa instead

This post has been edited by cybpsych: Mar 9 2022, 10:27 PM

mine 25 Jan, 11:58am, gotten the reward

most likely your deposit didnt meet T&C?

probably the readjust return rate due to OPR change too

Frequently Asked Questions (FAQs)

How does the campaign work?
It’s simple! As long as you have funds in Versa Cash, you will automatically enjoy our promotional net return rate of 3.2% p.a.

This promotion only applies to the first RM30,000 in your Versa Cash account and it is open to all new and existing Versa Cash users.

If my balance in Versa Cash exceed RM30,000, will I continue to earn the promotional net return rate of 3.2% p.a.?
The promotional net return rate of 3.2% p.a. only applies to the first RM30,000 in your Versa Cash. Any subsequent balance above RM30,000 will continue to earn Versa Cash’s base net return rate of 2.5% p.a.

When will I receive my earnings from the campaign?
Your returns from this campaign will be credited to your Versa Cash account the following month, on a monthly basis.

Example: Your earnings from the promotional net return rate for the month of September, will only be credited into your Versa Cash account in October.

T&Cs https://versa.com.my/versa-cash-3-2-net-ret...rms-conditions/ | https://versa.com.my/wp-content/uploads/202...-Conditions.pdf

new to versa?

iirc, will take few days to get updated. long time didnt use Versa

This post has been edited by cybpsych: Sep 13 2022, 04:39 PM

refer here How long does it take for the Cash In amount to be processed and reflected in the available balance? – Versa Asia

FYI

my deposit @ 11 Sep (Sun), already reflected in Versa's balance today

https://versa.com.my/versa-cash-3-2-net-ret...rms-conditions/

Can you guess what big change awaits?

We can’t unveil the details just yet, so stay tuned for the announcement in the coming weeks

teaser

new promo rate from 1 Nov ya