KUALA LUMPUR (March 2): Hibiscus Petroleum Bhd’s six million shares were transacted in an off-market deal at an average price of RM1.78 apiece on Friday.
Stock market data showed that the six million shares accounted for 1.43% of its paid-up of 418.048 million shares.
At 3.46pm, Hibiscus shares were unchanged at RM1.79, but off the intra-day high of RM1.85.
Hibiscus Petroleum is holding its EGM on March 21 to obtain approval from its shareholders for its 35% acquisition in Lime Petroluem plc. The EGM comes after the Securities Commission approved the Hibiscus Petroleum's acquisition of the stake.
Stock market data showed that the six million shares accounted for 1.43% of its paid-up of 418.048 million shares.
At 3.46pm, Hibiscus shares were unchanged at RM1.79, but off the intra-day high of RM1.85.
Hibiscus Petroleum is holding its EGM on March 21 to obtain approval from its shareholders for its 35% acquisition in Lime Petroluem plc. The EGM comes after the Securities Commission approved the Hibiscus Petroleum's acquisition of the stake.
