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NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR "COMPANY") ALLOTMENT AND ISSUANCE OF UP TO 2,000,000,000 NEW ISLAMIC CONVERTIBLE REDEEMABLE PREFERENCE SHARES BY WAY OF PRIVATE PLACEMENT EXERCISE TO RAISE UP TO RM2.00 BILLION ("PRIVATE PLACEMENT OF CRPS")

HIBISCUS PETROLEUM BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description
HIBISCUS PETROLEUM BERHAD ("HIBISCUS PETROLEUM" OR "COMPANY")

ALLOTMENT AND ISSUANCE OF UP TO 2,000,000,000 NEW ISLAMIC CONVERTIBLE REDEEMABLE PREFERENCE SHARES BY WAY OF PRIVATE PLACEMENT EXERCISE TO RAISE UP TO RM2.00 BILLION ("PRIVATE PLACEMENT OF CRPS")

Reference is made to the Company’s announcements dated 9 September 2020, 10 September 2020, 15 September 2020, 23 September 2020, 8 October 2020, 12 October 2020, 3 November 2020, 9 November 2020, 12 November 2020, 20 November 2020, 23 November 2020, 22 February 2021, 4 March 2021, 3 September 2021, 15 September 2021, 4 March 2022 and 11 April 2022 in relation to the Private Placement of CRPS (“CRPS Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meaning as previously defined in the CRPS Announcements.

 

On behalf of the Company, HLIB and CIMB wish to announce that Bursa Securities’ approval for the implementation of the Private Placement of CRPS has expired on 21 March 2022 following Bursa Securities’ rejection of Hibiscus Petroleum’s application for the final extension of time of six months until 21 September 2022 for the Company to implement the Private Placement of CRPS. Accordingly, this brings to completion the Private Placement of CRPS.

 

This announcement is dated 15 April 2022. 






Announcement Info

Company Name HIBISCUS PETROLEUM BERHAD
Stock Name HIBISCS
Date Announced 15 Apr 2022
Category General Announcement for PLC
Reference Number GA1-15042022-00052




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