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.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

TM shares rally after strong FY23 performance
Foreign investors extend net buying of local equities for fifth week
Ringgit slightly up against US$, most other major currencies
FBM KLCI trades in consolidation as heavyweights earnings in store
Trading ideas: Sime Darby Property, IOI, Telekom, Mi Tech, Greatech, Malakoff, Matrix, Sports Toto and SAM
‘Eye-popping’ results unlikely, says Buffett
Bond markets flooded with deals to fund M&A
Jakarta opens 2024 with 8% drop in January tax revenue
Sweet situation in store for MSM’s prospects
Woodside to sell US$1.4bil stake in gas project

Others Also Read