Hibiscus Petroleum has been selected as one of the companies qualified under the Green Lane Policy (GLP) of Bursa Malaysia Securities Berhad (Bursa Securities) in recognition of its good corporate governance and disclosure practices. Bursa Securities implemented the GLP to facilitate a more efficient time-to-market for corporate proposals made by GLP-qualified companies. The privileges from such GLP inclusion include certain exemptions which provide for the issuance of non-complex circulars without review by Bursa Securities and fast-tracking of processing of other circulars which do not fall within the parameters of the exemptions provided.
