Cliq to be liquidated, SC rejects request for deadline extension

KUALA LUMPUR: Cliq Energy Bhd will be liquidating the company and returning the monies to the entitled shareholders following the Securities Commission’s (SC) decision to reject its request for a deadline extension.

The oil-and-gas based special purpose acquisition company (SPAC) said the request for a deadline extension to acquire its qualifying asset was rejected by the SC via a letter yesterday, in which the regulator said “it would not consider an extension of time”.