TheEdge
KUALA LUMPUR: Affin Investment Bank Bhd’s wholly owned Affin Fund Management Bhd (AFM) and Asia Equity Partners Sdn Bhd have aborted their joint-venture plan announced on March 7, 2007 due to challenging financial market conditions.
Under the proposed joint venture, AFM and Asia Equity Partners would set up a RM150 million commercial property fund and expand AFM’s fund management product portfolio and mark AFM’s entry into private equity fund management business
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