PETALING JAYA: Sona Petroleum Bhd has proposed a capital repayment of up to RM80mil to its shareholders in a bid to gain shareholder support for the company’s maiden acquisition.
The special purpose acquisition company (SPAC) told Bursa Malaysia yesterday that the proposed capital repayment is subject to the completion of the proposed acquisition.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!