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PETALING JAYA: Special-purpose acquisition company (SPAC) Reach Energy Bhd could be a step closer to securing shareholder approval for its maiden acquisition of an oil and gas (O&G) field in Kazakhstan after one shareholder bought out another “yield-seeking” one.
PETALING JAYA: Spcial purpose acquisition company (SPAC) Sona Petroleum Bhd has obtained a High Court order to empower the SPAC’s liquidators for the completion of its winding-up process.
PETALING JAYA: Sona Petroleum Bhd shares will be suspended from next Tuesday. The special purpose acquisition company had announced that it was winding up after having failed to acquire a qualifying asset, in line with a High Court order.
KUALA LUMPUR: CLIQ Energy Bhd can now go ahead with its liquidation after Best Oracle Sdn Bhd agreed to discontinue its court appeal to stop the winding-up process.