Hibiscus share trade suspended ahead of corporate update

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KUALA LUMPUR (Nov 5): Hibiscus Petroleum Bhd's share trade has been suspended since 9am today pending an announcement, the company said on Bursa Malaysia's website.

Yesterday, Hibiscus shares rose 2.5 sen or 7% to close at 36.5 sen for a market capitalisation of RM358 million.  

The share price compared with Hibiscus' latest reported net assets per share of 55 sen.