Maiden purchase: Sona’s proposed QA in the form of the Stag Oilfield offshore western Australia which costs US25mil.
Cash-back and shareholders’ approval for maiden acquisitions among hurdles
THE sagas unravelling at Sona Petroleum Bhd and CLIQ Energy Bhd tell a story of a seemingly unsurmountable challenge facing the management and boards of these special purpose acquisition companies (SPACs).
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