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Gateway Casinos plans listing in US$1.1bil deal with Leisure

VANCOUVER: Gateway Casinos & Entertainment Ltd, one of Canada’s largest gaming companies, has agreed to a deal that will create a new firm valued at about US$1.1bil.

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Red Sena calls it a day

THE winding up of Red Sena Bhd marks the end of a seven-year run of the special-purpose acquisition company (SPAC) listed on Bursa Malaysia.

Red Sena gets green light to close shop

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.

CLIQ to distribute remaining cash to its shareholders

PETALING JAYA: CLIQ Energy Bhd, a special-purpose acquisition company (SPAC), will distribute the remaining cash in its trust account to its shareholders by the end of this month.

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Red Sena set to close down after company fails to secure QA

PETALING JAYA: Red Sena Bhd, the first food and beverage special purpose acquisition company (SPAC), has proposed to liquidate its business after several failed attempts to secure a qualifying acquisition (QA) within the permitted time frame.

Clock is ticking for Red Sena

PETALING JAYA: The clock is ticking for Red Sena Bhd to acquire a qualifying asset. After more than two years of searching, the special-purpose acquisition company (SPAC) has given itself until end of September to find a food and beverage (F&B) business that it can close a deal on.

Red Sena in the limelight

Significant interest in the SPAC as deadline for QA draws near

This Chinese stock soared 4,500% on Nasdaq and no one knows why

NEW YORK: Investors who put money into U.S. index funds usually aren’t looking for surprises. Those who bought into the Russell 2000 recently got one anyway: a little-known Chinese stock that went crazy for no apparent reason.

Reach board changes test SPAC rules

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).