SEA Hibiscus extends prepayment

PETALING JAYA: Hibiscus Petroleum Bhd’s indirect wholly-owned subsidiary, SEA Hibiscus Sdn Bhd, has sought an extension of an existing prepayment facility with Trafigura Pte Ltd of up to US$80mil (RM332.18mil).

The oil company said in a statement SEA Hibiscus on Monday executed the amendment and restatement agreement in respect of the prepayment agreement originally dated Oct 8, 2018.