Kuala Lumpur: Mettiz Capital Sdn Bhd has exited its position as a major shareholder in Hibiscus Petroleum Bhd following a series of share disposals in the open market.
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According to the
Exchange Asia, recent filings showed that Mettiz Capital had been gradually reducing its stake, with disposals bringing its shareholding close to the threshold that defines a substantial shareholder.
The move marks a shift in the company’s shareholding structure, as Mettiz Capital had previously been among the key investors in the oil and gas producer.
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Earlier data indicated that Mettiz Capital held slightly above five per cent equity in Hibiscus Petroleum before the disposals, highlighting its status as a significant shareholder.
The exit is expected to be closely watched by investors as it may influence market sentiment and signal a potential rebalancing of institutional interest in the company.
