PETALING JAYA: No winding-up procedures have been initiated against Hibiscus Petroleum Bhd
’s associate company Lime Petroleum Plc (Lime Plc), according to Rex International Holding Ltd.
The Singapore-listed oil and gas company, which is also a shareholder in Lime, said in a statement that winding-up, however, remained a possibility should Lime Plc be unable to raise additional funding in “the very short term” to alleviate its current financial distress
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