HIBISCUS PETROLEUM BERHAD - PRESS RELEASE Hibiscus Petroleum Bhd holds EGM on 21 March
-Hibiscus Petroleum has received Securities Commission approval -Hibiscus Petroleum will hold its Extraordinary General Meeting on Wednesday, 21 March 2012 -Shareholders to vote on Hibiscus Petroleum's qualifying acquisition, being the acquisition of 35% equity interest in Lime Petroleum Plc
Kuala Lumpur, 23 February 2012: HIBISCUS Petroleum Bhd (Hibiscus Petroleum) will be holding its Extraordinary General Meeting (EGM) on Wednesday, 21 March 2012 to obtain approval from its shareholders for its 35% acquisition in Lime Petroleum PLC. According to Dr. Kenneth Pereira, the Managing Director of Hibiscus Petroleum said the approval from the Securities Commission (SC) has been obtained on the February 16, 2012 to hold their EGM next month. He also added that the benefits would be the increment of the shareholder's value and Hibiscus will also gain exposure to three oils and gas concession and not one. Besides, Hibiscus will also enjoy the benefit of not paying any further consideration for the additional concessions.
Hibiscus Petroleum Bhd
2012-02-23 15:30 | Report Abuse
HIBISCUS PETROLEUM BERHAD - PRESS RELEASE
Hibiscus Petroleum Bhd holds EGM on 21 March
-Hibiscus Petroleum has received Securities Commission approval
-Hibiscus Petroleum will hold its Extraordinary General Meeting on Wednesday, 21 March 2012
-Shareholders to vote on Hibiscus Petroleum's qualifying acquisition, being the acquisition of 35% equity interest in Lime Petroleum Plc
Kuala Lumpur, 23 February 2012: HIBISCUS Petroleum Bhd (Hibiscus Petroleum) will be holding its Extraordinary General Meeting (EGM) on Wednesday, 21 March 2012 to obtain approval from its shareholders for its 35% acquisition in Lime Petroleum PLC. According to Dr. Kenneth Pereira, the Managing Director of Hibiscus Petroleum said the approval from the Securities Commission (SC) has been obtained on the February 16, 2012 to hold their EGM next month. He also added that the benefits would be the increment of the shareholder's value and Hibiscus will also gain exposure to three oils and gas concession and not one. Besides, Hibiscus will also enjoy the benefit of not paying any further consideration for the additional concessions.