The Lembaga Tabung Angkatan Tentera and its wholly-owned subsidiary, Boustead Holdings Berhad have announced that they have completed the share transfer of Affin Bank to SG Assetfin Holdings Sdn Bhd a wholly-owned special purpose vehicle of State Financial Secretary, Sarawak.

The parties have notified Affin Bank on the completion of the transfer on 27 November 2024 following the execution of the direct business transaction pursuant to the Divestment.

Following the completion of the share transfer, the shareholdings of LTAT, BHB, and SG Assetfin in Affin Bank is LTAT having 22.01%, BHB nil, and Sarawak State at 31.25%.