KUALA LUMPUR: Malayan Banking Bhd
(Maybank) has ceased to be a substantial shareholder of Alam Maritim Resources Bhd after disposing of its entire 19.16% stake.
In a filing with Bursa Malaysia, Maybank said it, together with its wholly owned subsidiary Maybank Islamic Bhd (MIB), had sold all the shares received under a prior scheme of arrangement on March 19, 2026.
The disposal involved 5.57 million shares held directly by Maybank, representing a 1.25% stake, and 79.81 million shares held by MIB, equivalent to 17.91% of AMRB’s issued shares.
“Following the above disposal, Maybank has ceased to be a substantial shareholder of Alam Maritim pursuant to Section 136 of the Companies Act, 2016,” the bank said.
Alam Maritim closed up 3.85%, or one sen to 27 sen, with 1.88 million shares traded.
