Low profile tycoon Arumugam emerges as major shareholder of Hibiscus

PETALING JAYA: Tan Sri A.P. Arumugam, the low profile tycoon with vast business interests, has emerged as a major shareholder in Hibiscus Petroleum Bhd, a recently listed special purpose acquisition company (SPAC).

Arumugam's son Roushan, aged 39, was appointed as a director of Hibiscus yesterday.