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There seems to be a trend for companies to go into the money-lending business.
KUALA LUMPUR: Exxon Mobil Corp has narrowed the list of bidders for its oil-producing offshore assets in Malaysia that could potentially raise US$2bil (RM8.34bil) to US$3bil (RM12.5bil) in a sale, according to sources
HIBISCUS Petroleum Bhd caught the market by surprise this week with its massive RM2bil fundraising exercise, twice the size of its market capitalisation.
KUALA LUMPUR: Public Invest Research expects Hibiscus Petroleum’s RM2bil fund-raising exercise to be dilutive near to medium-term, with significant generation of earnings from its new portfolio asset only likely from 2022 onwards.
KUALA LUMPUR: Hibiscus Petroleum, AirAsia, Pansar and Dutch Lady are among the stocks which could see trading interest on Thursday following their corporate announcements, JF Apex Research says.
PETALING JAYA: Hibiscus Petroleum Bhd is looking to raise up to RM2bil – more than double its current market capitalisation – from a proposed private placement of convertible redeemable preference shares (CRPS) to acquire good-value, high-quality producing oil and gas assets.
KUALA LUMPUR: Hibiscus Petroleum Bhd is planning to raise as much as RM2bil under a proposed private placement of convertible redeemable preference shares (CRPS), as the exploration and production company sees buying opportunities in a weak oil market.