PETALING JAYA: Three major banks have announced the issuance of new shares and redeemable convertible unsecured Islamic debt securities (RCUIDS) in Vantris Energy Bhd as part of the latter's restructuring scheme.
In a filing with Bursa Malaysia. Malayan Banking Bhd
(Maybank) stated that it and wholly-owned unit, Maybank Islamic Bhd, have been issued a total of 462.45 million new ordinary shares in Vantris and 498.48 million RCUIDS in Vantris as part of the settlement terms of certain outstanding liabilities owed by Sapura TMC Sdn Bhd, a wholly-owned subsidiary of Vantris. The share issue will see Maybank have a deemed interest of 20.27% in Vantris.
