You have searched for "Sona"
Showing 1-10 of 321
KUALA LUMPUR: Shareholders have raised concerns that special-purpose acquisition company (SPAC) Sona Petroleum Bhd is running out of time to acquire a qualifying asset (QA) by its deadline of July 30, 2016. If Sona is unable to secure a QA by July next year, the money held in trust will be returned to shareholders and it will be delisted.
KUALA LUMPUR: Sona Petroleum Bhd will sign a management services agreement as part of the sale and purchase agreement signed last Friday for a 40% working interest in UK-listed Salamander Energy Plc’s Thai unit, Salamander Energy (Bualuang Holdings) Ltd (SEBG) for US$281.2mil (RM895.2mil).
PETALING JAYA: Shares in special-purpose acquisition company (SPAC) Sona Petroleum Bhd rallied on speculation that it was looking at an oil and gas (O&G) asset belonging to an Australian-based vendor.
KUALA LUMPUR: Sona Petroleum Bhd, which is making its second attempt at a qualifying acquisition (QA), has sweetened its proposed capital repayment that is conditional on shareholders’ approving its US$25mil (RM96.9mil) purchase of Stag Oilfield assets in western Australia.