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KUALA LUMPUR: Public Bank, Tenaga Nasional and IHH Healthcare led blue chips slightly higher early Tuesday but analysts expected investor concerns about the volatile oil prices, weak Ringgit and uncertainties from the US Federal Reserve to cap any upside.
PETALING JAYA: Sona Petroleum Bhd became the first special-purpose acquisition company (SPAC) to announce a definite date to distribute cash back to its shareholders after having failed to get a qualifying asset.
KUALA LUMPUR: Sona Petroleum Bhd’s eligible shareholders are expected to receive 97% or RM526.95mil of the monies held in the company’s cash trust account by November.
KUALA LUMPUR: Credit Suisse Group AG has acquired 2.62 million shares in Sona Petroleum Bhd in the open market, increasing its stake to 16.72%.