Hibiscus explores Singapore SPAC listing

PETALING JAYA: Hibiscus Petroleum Bhd is considering listing a special purpose acquisition company (SPAC) in Singapore that could raise as much as S$200mil (RM620.20mil), Bloomberg has reported, citing people familiar with the matter.

The Malaysian independent oil and gas (O&G) explorer has held talks with potential advisers on the potential SPAC initial public offering, said the people, who asked not to be identified as the information was confidential, according to the newswire.