HIBISCS

1.570

-0.01 (-0.6%)

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

HIBISCUS PETROLEUM BERHAD

Particulars of substantial Securities Holder

Name DATUK MICHAEL TANG VEE MUN
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares

Details of changes

No Date of change
No of securities
Type of Transaction Nature of Interest
22 Jan 2026
40,600
Disposed Indirect Interest
Name of registered holder CGS International Nominees Malaysia (Tempatan) S.B. Pledged Securities Account For Mettiz Capital SB
Description of "Others" Type of Transaction
23 Jan 2026
156,700
Disposed Direct Interest
Name of registered holder Cimsec Nominees (Tempatan) Sdn Bhd CIMB for Tang Vee Mun (PB)
Description of "Others" Type of Transaction
23 Jan 2026
890,800
Disposed Direct Interest
Name of registered holder CGS International Nominees Malaysia (Tempatan) Sdn Bhd - Pledged Securities Account for Tang Vee Mun
Description of "Others" Type of Transaction
23 Jan 2026
1,899,500
Transferred Indirect Interest
Name of registered holder CGS International Nominees Malaysia (Asing) S/B Pledged Securities Account for Polo Investments Ltd
Description of "Others" Type of Transaction
23 Jan 2026
1,899,500
Transferred Indirect Interest
Name of registered holder CGS International Nominees Malaysia (Asing) S/B Pledged Securities Account for Polo Investments Ltd
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred (i) Open market disposal of 156,700 shares and 890,800 shares respectively on 23 January 2026 - Direct interest (ii) Open market disposal of 40,600 shares on 22 January 2026 held by Mettiz Capital Sdn Bhd - Indirect interest (iii) Transferred 1,899,500 shares on 23 January 2026 from CGS International Nominees Malaysia (Asing) Sdn Bhd Pledged Securities Account for Polo Investments Limited (M4553B) to CGS International Nominees Malaysia (Asing) Sdn Bhd Pledged Securities Account for Polo Investments Limited (M3831C), held by Polo Investments Limited - Indirect interest
Nature of interest Direct and Indirect Interest
Direct (units) 24,451,040
Direct (%) 3.316
Indirect/deemed interest (units) 93,709,626
Indirect/deemed interest (%) 12.708
Total no of securities after change 118,160,166
Date of notice 26 Jan 2026
Date notice received by Listed Issuer 26 Jan 2026


Remarks :
* Total no of securities after change - This appears to be a calculation error, as the total number of securities after change should be 118,160,666. This is pending further confirmation/clarification from the substantial shareholder.

After the change, the direct interest of Datuk Michael Tang Vee Mun is as follows:

1) Datuk Tang Vee Mun - 100,000 ordinary shares

2) Affin Hwang Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Tang Vee Mun (Datuk) - 13,152,140 ordinary shares

3) CGS International Nominees Malaysia (Tempatan) Sdn Bhd Pledged Securities Account for Datuk Tang Vee Mun (MY4553) - 3,708,700 ordinary shares 

4) Cimsec Nominees (Tempatan) Sdn Bhd CIMB for Tang Vee Mun (PB) - 7,490,200 ordinary shares

The deemed interest is by virtue of Datuk Michael Tang Vee Mun's interest in Mettiz Capital Sdn Bhd and Polo Investments Limited pursuant to Section 8 of the Companies Act 2016, as follows:

1) 34,760,000 ordinary shares are registered in the name of Cimsec Nominees (Asing) Sdn Bhd CIMB for Polo Investments Limited (PB);

2) 8,900,500 ordinary shares are registered in the name of CGS International Nominees Malaysia (Asing) Sdn Bhd Pledged Securities Account for Polo Investments Limited (M4553B);

3) 11,899,500 ordinary shares are registered in the name of CGS International Nominees Malaysia (Asing) Sdn Bhd Pledged Securities Account for Polo Investments Limited (M3831C);

4) 450,000 ordinary shares are registered in the name of Cimsec Nominees (Tempatan) Sdn Bhd CIMB for Mettiz Capital Sdn Bhd (PB);

5) 28,560,726 ordinary shares are registered in the name of Affin Hwang Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Mettiz Capital Sdn Bhd; and

6) 9,138,900 ordinary shares are registered in the name of CGS International Nominees Malaysia (Tempatan) Sdn Bhd Pledged Securities Account for Mettiz Capital Sdn Bhd (MY3831).

The percentage of the direct and indirect/deemed interest are calculated based on the issued share capital of 737,395,328 ordinary shares.


Announcement Info

Company Name HIBISCUS PETROLEUM BERHAD
Stock Name HIBISCS
Date Announced 26 Jan 2026
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-21012026-00166