Hibiscus Petroleum Berhad MD Dr.Kenneth Pereira discusses: 

- Reasons behind taking nearly two years after the Securities Commission (SC) introduced the SPAC listing guidelines; 
- What a SPAC structure entails;
- How to mitigate a weak IPO market and Hibiscus not having a profit track record, assets and very little visibility as to which projects are on the horizon;
- The response so far; 
- Details of their investors, placees and entry costs; 
- What kinds of investors it is targeting; 
- Details of downside protection; 
- Details of the prospects; 
- How long investors will need to wait before getting some returns; 
- Competition from other capital providers and the risk of overpaying; 
- The dangers of rushing into a deal; 
- The possibility of circumstances changing and nvestors choosing to recall their capital; 
- Concerns that Hibiscus seems to be a Bull market play as opposed to the current climate, when risk appetites are swiftly turning conservative; 
- Breakeven costs; 
- The management team and their strengths; 
- Hibiscus being Long on oil and whether the business plan goes pear-shaped if oil heads South; 
- Whether the SPAC structure allow Hibiscus to buy the rights to explore for other hydrocarbons or other minerals such as rare earths; 
- Hong Leong Investment Bank as its advisers and whether concerned they may not be as experienced as the other, more established IBs;
- Fees-wise, whether it was an intriguing proposition versus other IBs;

 

Hibiscus Petroleum Berhad MD Dr.Kenneth Pereira discusses: - Reasons behind taking nearly two years after the Securities Commission (SC) introduced the SPAC listing guidelines; - What a SPAC structure entails; - How to mitigate a weak IPO market and Hibiscus not having a profit track record, assets and very little visibility as to which projects are on the horizon; - The response so far; - Details of their investors, placees and entry costs; - What kinds of investors it is targeting; - Details of downside protection; - Details of the prospects; - How long investors will need to wait before getting some returns; - Competition from other capital providers and the risk of overpaying; - The dangers of rushing into a deal; - The possibility of circumstances changing and nvestors choosing to recall their capital; - Concerns that Hibiscus seems to be a Bull market play as opposed to the current climate, when risk appetites are swiftly turning conservative; - Breakeven costs; - The management team and their strengths; - Hibiscus being Long on oil and whether the business plan goes pear-shaped if oil heads South; - Whether the SPAC structure allow Hibiscus to buy the rights to explore for other hydrocarbons or other minerals such as rare earths; - Hong Leong Investment Bank as its advisers and whether concerned they may not be as experienced as the other, more established IBs; - Fees-wise, whether it was an intriguing proposition versus other IBs; &nbsp;

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