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Significant debt reduction and better fleet utilisation are part of firm’s recovery story
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.
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.
KUALA LUMPUR: Sona Petroleum Bhd, a special purpose acquisition company (SPAC), has obtained tax clearance and plans to make the final distribution of the remaining cash in April.
KUALA LUMPUR: The oil and gas industry endured another challenging year in 2016 as the global supply glut continued to haunt the market, pushing global crude oil prices to their lows.
PETALING JAYA: The outcome of Reach Energy Bhd’s shareholders meeting today will offer clues on investors’ appetite for future special-purpose acquisition companies (SPACs) focused on becoming oil and gas (O&G) players. So far, the market has been tough for these types of “cash box” listings.