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IOI Corp/Dutaland: IOI Corp's move to terminate its proposed acquisition of 11,977.91 ha (29,597.42 acres) of oil palm plantation land from Dutaland for RM830 million has been rejected by the latter. IOI Corp said thet cancellation was "due to non-compliance of certain terms and conditions". However, Dutaland did not accept the reasons for termination of the sales and purchase agreement and directed the stakeholder, OSK Trustees Bhd not to remit the deposit of RM83 million, which was the 10% deposit paid.
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Hibiscus: Hibiscus has executed two agreements to acquire a 35% equity stake in Lime Petroleum Ltd for a total of US$55 million. The deal comprises of a share subscription agreement and a share purchase agreement. Under the share subscription agreement, Hibiscus will subscribe for 76.9 million new shares or 27.2% equity stake in Lime Petroleum for a cash consideration of US$50 million. Hibiscus will also purchase a 7.8% equity stake in Lime Petroleum from the current major shareholder, Rex Oil and Gas Ltd, through a share purchase agreement, for a cash consideration of US$5 million.
Chart | Stock Name | Last | Change | Volume |
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2024-07-25
GENM2024-07-24
HIBISCS2024-07-24
HIBISCS2024-07-24
HIBISCS2024-07-24
IOICORP2024-07-23
IOICORP2024-07-22
IOICORP2024-07-19
IOICORP2024-07-18
IOICORP2024-07-18
IOICORP2024-07-17
HIBISCS2024-07-17
IOICORP2024-07-17
IOICORP2024-07-16
GENM2024-07-16
GENM2024-07-16
IOICORP2024-07-15
HIBISCSCreated by kltrader | Oct 11, 2012
Created by kltrader | Oct 11, 2012