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Icon Offshore bags RM25.6m Petronas Carigali job

PETALING JAYA: Icon Offshore Bhd has secured a contract from Petronas Carigali Sdn Bhd to provide an anchor handling tug and supply vessel for the latter’s production operations.

Sona gives up,shareholders to get money after liquidation

SHAH ALAM: Amid falling investor confidence on special-purpose acquisition companies (SPACs), Sona Petroleum Bhd has given them a reason to be optimistic after the management gave its commitment to return money to shareholders, following its failure to get a qualifying asset (QA).

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Sona Petroleum to close shop

PETALING JAYA: Sona Petroleum Bhd, a special-purpose acquisition vehicle (SPAC), is expected to "close shop" soon after failing to make any qualifying acquisition (QA) which it has to complete until July 31 this year under the SPAC guideline.