Red Sena gets green light to close shop


Tan: We do not want them to overpay or buy assets for the sake of doing a deal

KUALA LUMPUR: The last special-purpose acquisition company (SPAC), Red Sena Bhd, has to close shop after receiving an unanimous decision from its shareholders to wind up.

In a meeting yesterday, a total of 641.97 million shares or 100% of the shareholders had voted to wind up and liquidate the company.

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SPAC , Red Sena , Tan , close shop , green light , shareholders , unanimous ,

   

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