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Swiss citizen emerges as substantial shareholder in Hibiscus Petroleum

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Swiss citizen emerges as substantial shareholder in Hibiscus Petroleum Empty Swiss citizen emerges as substantial shareholder in Hibiscus Petroleum

Post by Cals Thu 17 Oct 2013, 01:23

Published: Wednesday October 16, 2013 MYT 7:00:00 PM 
Updated: Wednesday October 16, 2013 MYT 7:02:55 PM

Swiss citizen emerges as substantial shareholder in Hibiscus Petroleum

KUALA LUMPUR: Hibiscus Petroleum Bhd has seen the emergence of a Swiss citizen Johann Herbert Schneider as a substantial shareholder.
A filing with Bursa Malaysia on Wednesday showed he acquired 9.34 million shares following the conversion of the convertible redeemable preference shares to ordinary shares.
Schneider’s direct stake in the special purpose acquisition company (SPAC) increased to 24.84 million shares or 5.28% after the conversion of the shares on Oct 4.
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