KUALA LUMPUR: The employment contracts for CLIQ Energy Bhd managing director/chief executive officer Ahmad Ziyad Elias and chief financial officer Kamarul Baharin Albakri, due to expire on Saturday (April 9), have been extended.
The special-purpose acquisition company, which is impending liquidation, told Bursa Malaysia that the independent directors decided to extend their employment, “for a nominal fee”, until such time in order to facilitate the liquidation process as well as comply with the relevant rules and laws.
Members in the management team who will retire on April 9 are vice president (business development) Tengku Daud Shaifuddin Tengku Zainudin, vice president (development and production) Kamaroll Zaman Abd Aziz and vice president (exploration) Dr Felix Chang Kok Lip.
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