CLIQ shareholders want their money back

CLIQ chairman Datuk Azmi Mohd Ali (right in pic) said the main issue raised by shareholders yesterday was when they could get their money back after the company had failed to acquire its qualifying asset (QA) within the stipulated timeframe.

KUALA LUMPUR: Shareholders of special-purpose acquisition company (SPAC) CLIQ Energy Bhd sent a strong message to the management in wanting to see the company liquidated and the distribution of RM356mil.

Of the two resolutions that were tabled in the AGM that lasted over two hours, the motion seeking the approval of directors fees amounting to RM359,720 for the financial year ended March 31, 2016 was overwhelmingly voted down.