How low can you go. At last count it's trading at 6.5 sen. According to the STAR, it's associate company has defaulted on a RM134 million debt.
If accurate, this will be the second public listed oil and gas company, that has defaulted on a DEBT.
The first being, Perisai Petroleum, and don't forget, recently theEdge, had placed Hibiscus Petroleum in the same basket. DYNAMITE!!!
