Reference is made to the announcement dated 21 May 2021, 19 November 2021, 17 February 2022, 11 January 2023, 10 April 2023, 25 October 2023, 24 January 2024, 29 April 2024 and 5 July 2024 in relation to the scheme of arrangement proceedings filed by both AMRB and Alam Maritim (M) Sdn Bhd (“AMSB”).

The Board of Directors of AMRB wishes to announce the following:

1. On 22 July 2024, AMRB had filed an application pursuant to section 368 of the Companies Act 2016 for an extension of the Restraining Order dated 29 April 2024 (“AMRB’s Restraining Order”) until 31 December 2024. This was after AMRB had secured substantial value in support by its scheme creditors for the extension application.

2. On 25 July 2024, the Kuala Lumpur High Court allowed AMRB’s application to extend AMRB’s Restraining Order until 31 December 2024, whereby all current and further

proceedings in any legal actions or proceedings against AMRB and/or the assets of AMRB be restrained and stayed except by leave of Court, until 31 December 2024.

3. In so far as AMSB is concerned, AMSB had previously obtained a restraining order on 25 November 2023 (“AMSB’s Restraining Order”) and the Kuala Lumpur High Court had on 23 January 2024 allowed an extension of the said restraining order for a period of 9 months from 25 January 2024. AMSB’s Restraining Order continue to be in effect until 25 October 2024.

4. Both AMRB and AMSB’s Restraining Orders are necessary to preserve the status quo and to restrain further legal proceedings pending AMRB and AMSB’s Court Convened Meetings which are scheduled to be held on 26 July 2024.

5. Both orders are not envisaged to have any material financial and operational impact to AMRB and AMSB.

AMRB will make the necessary announcement on further material development of the above matter in due course.

This announcement is dated 25 July 2024.

Reference is made to the Company’s announcements dated 4 January 2023.


The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") (“Board”) wishes to announce that the MOU dated 22 December 2022 entered between the Company, SAFEEN Survey and Subsea Services and MCS Group has been mutually terminated with effect from 2 May 2023.


The termination of the MOU is not expected to have any material effects on the issued share capital and substantial shareholders’ shareholdings of the Company, as well as the net assets, gearing, earnings and earnings per share of the Company.


The announcement is dated 3 May 2023.

I feel sorry for this company. As I recall, there was no announcement from them securing new project in year 2023. And we are in the 3rd quarter of 2024, there is still no announcement of new major project secured. To deduce, no new project means no new big income. No big income means no big profit. Sure, they are recording profits in the recent three quarters but they, like other companies, have huge debts as well. In conclusion, with no major projects secured plus having huge debts around is just a recipe for disaster. Just my 1 cent….

Heard rumours. Selling vessels. Be warned...just rumours.