Cliq Energy appoints Crowe Horwarth for pre-liquidation services

KUALA LUMPUR: Cliq Energy Bhd, which is undergoing a liquidation process after failing to acquire its qualifying asset within the stipulated timeframe, has appointed Crowe Horwarth Advisory Sdn Bhd to provide pre-liquidation services.

The special purpose acquisition company told Bursa Malaysia that the services included review of the latest financial statements prepared by the company to assist the board on the best mode to wind up Cliq.

Cliq said Crowe Horwarth would also work together with the company secretary and share registrar to issue the necessary requisite notices of meetings to convene the liquidation process after April 9.

Moreover, Crowe Horwarth will ensure that the filing requirements of the necessary forms/documents with the Companies Commission of Malaysia pursuant to the requirements of the Companies Act 1965 is met.

Cliq had a three-year deadline to acquire a qualifying asset, which means the company had to acquire the asset by April 9 (this Saturday).

The Securities Commission, via letter dated Feb 24, rejected its request for a deadline extension to acquire a qualifying asset.