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.

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

   

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