Hibiscus eyes aggressive growth

Hibiscus Petroleum Bhd has come a long way since its listing more than a decade ago, surviving the 2014 oil price crash and breaking the scepticism that investors had on special-purpose acquisition companies (SPACs).

It was the first SPAC to be listed on Bursa Malaysia back in 2011, and it completed its qualifying acquisition (QA) in less than a year after listing.

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Hibiscus , SPACs , capex , ESG , assets , oil , acquisition , expansion , Vietnam


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