New stock listing
No. Stock Code Stock Name Reference Price Lower Limit Upper Limit
1. 5199 HIBISCS 0.625 3.12 0.325
Hibiscus Petroleum – a special purpose acquisition company – will make its debut on Monday. Its public issue of 10 million new shares at 75 sen each made available to the public was oversubscribed 3.8 times.
Petronas Gas Bhd is reported to be planning a RM1.2 billion fund raising exercise to finance its 300MW gas-fired Kimanis power plant in Sabah. This would be undertaken though project financing while the rest would be from equity financing. Petronas Gas is said to be looking at Sukuk bonds or a term loans for the 80% of the funding while the remaining 20% would be financed from equity.
Latexx Partners Bhd, a Malaysian rubber-glove maker, fell to its lowest level in seven weeks after its merger plan with the YTY group of companies collapsed. The stock slid 4.1 per cent to RM2.09 at 9:10 a.m. local time, set for the lowest close since June 2.
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