TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS HIBISCUS PETROLEUM BERHAD (HIBISCUS PETROLEUM OR COMPANY) PROPOSED ACQUISITION BY PENINSULA HIBISCUS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HIBISCUS PETROLEUM, OF THE ENTIRE EQUITY INTEREST IN FORTUNA INTERNATIONAL PETROLEUM CORPORATION (FIPC) (PROPOSED ACQUISITION)
| HIBISCUS PETROLEUM BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | HIBISCUS PETROLEUM BERHAD (HIBISCUS PETROLEUM OR COMPANY) PROPOSED ACQUISITION BY PENINSULA HIBISCUS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HIBISCUS PETROLEUM, OF THE ENTIRE EQUITY INTEREST IN FORTUNA INTERNATIONAL PETROLEUM CORPORATION (FIPC) (PROPOSED ACQUISITION) |
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We refer to the announcements dated 2 June 2021, 4 June 2021, 9 June 2021, 23 June 2021 and 2 July 2021 in relation to the Proposed Acquisition.
On behalf of the Company, CIMB Investment Bank Berhad wishes to announce that Repsol Exploración, S.A. had on 13 July 2021 informed Peninsula Hibiscus Sdn Bhd (“Peninsula Hibiscus”) that the condition precedent relating to the waiver/expiry of the pre-emption rights held by PETRONAS Carigali Sdn Bhd and PetroVietnam Exploration Production Corporation under each of the relevant joint operating agreements in respect of the sale of FIPC shares to Peninsula Hibiscus, has been satisfied.
This announcement is dated 14 July 2021. |
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Announcement Info
| Company Name | HIBISCUS PETROLEUM BERHAD |
| Stock Name | HIBISCS |
| Date Announced | 14 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-14072021-00067 |