KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
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...