Our intention is to return the money to shareholders as soon as we personally can, but it is driven by the liquidation process and the liquidator. It would be unfair for me to say this month or that month. We have no interest in holding back the money and neither does the liquidator, Hadian said.
SHAH ALAM: 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. …
Read the full article at: http://www.thestar.com.my/business/business-news/2016/06/22/sona-gives-up-shareholders-to-get-money-after-liquidation/