THE recent announcement by Hibiscus Petroleum Bhd that it had secured a significant debt facility from four top global banks must have come as a pleasant surprise for its shareholders.
In the past, the oil and gas (O&G) exploration and production company had largely turned to equity financing, mainly from share placement exercises, for its capital expenditure.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!