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Hibiscus private placement
by Cals Sun 13 Oct 2013, 22:27
Published: Saturday October 12, 2013 MYT 12:00:00 AM
Updated: Saturday October 12, 2013 MYT 7:34:13 AM
Hibiscus private placement
PETALING JAYA: Hibiscus Petroleum Bhd has proposed another round of private placement of up to 500 million new convertible redeemable preference shares (CRPS) at an issue price of RM1.
In a filing with the stock exchange, Hibiscus said the new CRPS would be placed out in multiple series within six months from the date of the necessary approval fromBursa Malaysia Securities Bhd. The new CRPS would mature on Dec 31, 2015. Proceeds raised from the private placement of CRPS would be used for future synergistic acquisitions (RM450mil) and working capital (RM50mil).
Updated: Saturday October 12, 2013 MYT 7:34:13 AM
Hibiscus private placement
PETALING JAYA: Hibiscus Petroleum Bhd has proposed another round of private placement of up to 500 million new convertible redeemable preference shares (CRPS) at an issue price of RM1.
In a filing with the stock exchange, Hibiscus said the new CRPS would be placed out in multiple series within six months from the date of the necessary approval fromBursa Malaysia Securities Bhd. The new CRPS would mature on Dec 31, 2015. Proceeds raised from the private placement of CRPS would be used for future synergistic acquisitions (RM450mil) and working capital (RM50mil).
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