KUALA LUMPUR (April 15): Malayan Banking Bhd (Maybank), the country's largest lender by assets, said its 61st annual general meeting (AGM), which was supposed to be held today, has been rescheduled due to a technical issue faced by remote participation and voting facility provider Tricor Investor & Issuing House Services Sdn Bhd (TIIH).

In a statement to Bursa Malaysia today, Maybank chairman Tan Sri Zamzamzairani Mohd Isa said the bank would like to convey its deepest apologies to all shareholders for the inconvenience caused and that Maybank will notify them of the new meeting date in due course. 

“We appreciate that our shareholders had taken time to try to log in today to follow the proceedings of the meeting and wish to assure all of them that we will be reaching out to them to update them of the next meeting arrangements.”

According to Maybank’s statement, the notice of the new AGM date will be announced to Bursa Malaysia in due course.

In a separate statement later, TIIH said it has identified the root cause of the downtime and that it "has been duly rectified as well as tested for its efficacy".

"The inconvenience to our clients and business partners is deeply regretted and all steps are being taken to ensure that all our forthcoming virtual AGM’s proceed smoothly. Tricor Malaysia will continue to forge ahead as well as develop our capacity and capability to spearhead the digital transformation of Corporate Malaysia," it added.

Maybank’s share price closed down one sen or 0.12% at RM8.30 today, bringing a market capitalisation of RM94.74 billion.

Maybank, which is Malaysia’s most valuable listed group, has 11.24 billion issued shares, according to Maybank’s latest quarterly financial report.