Hibiscus Petroleum Bhd, a Malaysian oil and gas industry investor, was asked by the Kuala Lumpur stock exchange to explain a recent jump in its share price and trading volume.
The stock climbed 2.6 per cent to a record 78.5 sen at 11.32 am local time today, after jumping 17.7 per cent yesterday.
Hibiscus last month agreed to buy a 35 per cent stake in Lime Petroleum Plc for US$55 million. - Bloomberg
The stock climbed 2.6 per cent to a record 78.5 sen at 11.32 am local time today, after jumping 17.7 per cent yesterday.
Hibiscus last month agreed to buy a 35 per cent stake in Lime Petroleum Plc for US$55 million. - Bloomberg
