PETALING JAYA: More than a month after announcing a heads of agreement (HoA) on its qualifying asset, Sona Petroleum Bhd has finally inked a definite sale and purchase agreement (SPA) to buy a 40% stake in the Thai unit of UK-listed Salamander Energy Plc.
The next step is for the special purpose acquisition company (SPAC) to get the approvals from shareholders and the Securities Commission (SC) before it can graduate as a junior oil and gas (O&G) player.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
