CLIQ to distribute remaining cash to its shareholders

On Nov 14 last year, CLIQ made its first distribution of about 98% of the monies held in the cash trust account to entitled shareholders for 73.3 sen apiece or RM355.5mil. The balance 2% or RM7.3mil of the monies is expected to be distributed in the coming weeks.

PETALING JAYA: CLIQ Energy Bhd, a special-purpose acquisition company (SPAC), will distribute the remaining cash in its trust account to its shareholders by the end of this month.

In a filing with Bursa Malaysia yesterday, the company expected to make the final distribution of the remaining monies in its cash trust account to its shareholders on Jan 31.