KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Debt Restructuring Brings in Major Banks
Three of Malaysia’s largest banks — Maybank, CIMB, and RHB — have emerged as substantial shareholders in Vantris Energy Bhd. The development follows the issuance of new shares and securities under a debt restructuring scheme involving Sapura TMC Sdn Bhd, a wholly owned subsidiary of Vantris Energy.
Maybank: Largest Stakeholder at Over 20%
New allotment: 462.45 million new ordinary shares and 498.48 million RCUIDS (redeemable convertible unsecured Islamic debt securities).
Direct holding: 421.67 million shares (18.48%).
Indirect holding: 40.78 million shares (1.79%).
Combined stake: 20.27%, making Maybank the largest substantial shareholder under Section 136 of the Companies Act.
RHB: Indirect Stake via Islamic Arm
New allotment: 164.56 million shares at RM0.80 each + 177.39 million RCUIDS.
Holding entity: RHB Islamic Bank Bhd.
- Effective stake: 7.21% in Vantris Energy.This positions RHB as a substantial shareholder under Section 136 of the Companies Act.
CIMB: Collective Holding Exceeds 12%
New allotment: 276.66 million shares at RM0.80 each + 298.22 million RCUIDS.
Breakdown:
CIMB Bank: 208.93 million shares (9.16%).
CIMB Islamic: 67.73 million shares (2.97%).
Total effective stake: 12.13% in Vantris Energy.
CIMB said its participation reflects the bank’s commitment to support Malaysia’s oil and gas ecosystem and ensure long-term industry sustainability.
Investor takeaway: With Maybank, CIMB, and RHB now holding substantial stakes, Vantris Energy gains stability and institutional backing during its restructuring phase — a signal that major lenders are invested in preserving Malaysia’s oil & gas value chain.
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