SONA Petroleum Bhd’s proposed acquisition of a 40% stake in London-listed Salamander Energy Plc’s Thai unit for US$280mil (RM903.64mil) was one of the more significant corporate developments this week.
For some time now speculation had been brewing that Sona, a special-purpose acquisition vehicle, was eyeing a foreign listed company as its targeted qualifying asset or QA.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
