Reach board changes test SPAC rules


Reach Energy Bhd managing director Shahul Hamid Mohd Ismail.

PETALING JAYA: The recent board changes in Reach Energy Bhd that saw the appointment of an executive chairman is once again testing the rules governing companies that found their origins as a special-purpose acquisition company (SPAC).

The change in Reach Energy saw former managing director Shahul Hamid Mohd Ismail redesignated as executive director.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!
Business , Reach , Energy Bhd , oil , gas , SPAC , stocks , shares ,

Next In Business News

Malakoff wins WTE deal in Melaka
Oil prices capped despite geopolitical conflict
Tech sector on the upswing as recovery emerges
CTOS-Infomina pact for SSM data access
SME confidence persists despite softening outlook
Flexidynamic to acquire 100% of Formtech
Auto sector steady on firm demand, policy boost
Scientex’s property arm offsets packaging woes
BCorp acquires 1.66% stake in Berjaya Assets
MSM Malaysia aims to increase export volumes

Others Also Read