I am in O&G industry, most Malaysia contracts from Petronas , most of their oversea projects are losing money n they bought old Junk from Seadrill at very high price through borrowing...assets value is junk price now...Oversea projects are poorly executed n losing tons of money and drastic drop in Seadrill assets Rigs...bleeding like hell n heavy financing....can not see the light yet with this qtr Rm1.5b losses .....don't know how to comment now....

This new Islamic redeemable preference share ....is preference share issue to subsciber at agreed interest rate paid...eg 5% for a fix period and investor has the option to redeem this share to mothershare at an agreed price at the time of subscription... it is the choice for Investor to exercise the option to convert if it is favorable...eg Hibiscus market price is Rm2 at 2023...investor can convert at the price agreed before eg Rm1.20....I hope is correct...what I learn in economics subject . please search google for correct answer...

i am an investor for this co...with Oil price up now...hope price can fly soon