KUALA LUMPUR: Malayan Banking Bhd
(Maybank) is now deemed a substantial shareholder of offshore oil and gas services provider Alam Maritim Resources Bhd.
In a filing with Bursa Malaysia today, Maybank said a total of 85.38 million new ordinary shares in Alam Maritim, representing a 19.16 per cent stake, had been issued to the bank and its wholly owned subsidiary Maybank Islamic Bhd pursuant to a scheme of arrangement under Section 366 of the Companies Act 1966 at an issue price of 27.83 sen each.
