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).
The management, led by Datuk Seri Hadian Hashim (caricature), said that Sona was set to tutup kedai (close shop) and was in the midst of appointing a liquidator.
“Sona will undertake the process of liquidation, as the company is solvent. We are in the process of identifying liquidators,” he said after its AGM here yesterday.
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The management, led by Datuk Seri Hadian Hashim (caricature), said that Sona was set to tutup kedai (close shop) and was in the midst of appointing a liquidator.
“Sona will undertake the process of liquidation, as the company is solvent. We are in the process of identifying liquidators,” he said after its AGM here yesterday.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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