CLIQ’s proposed acquisition of 51% in Phystech II Joint Stock Company fell through earlier this year. The photo shows Phystech’s manifold and testing facility at the oilfield in Kazakhstan.
KUALA LUMPUR: CLIQ Energy Bhds biggest shareholder Best Oracle Sdn Bhd applied on Monday to hold an EGM to stop CLIQ from being liquidated, the same day that the High Court ruled in favour of winding up the special purpose acquisition company.
In a filing with Bursa Malaysia, CLIQ said its board of directors (represented by independent directors) received on Monday morning a requisition letter from Best Oracle, Kandiah Subramaniam and Mohd Adam Mohd Said calling for a general meeting to consider these resolutions:
* CLIQ directors be directed to u…
Read the full article at: http://www.thestar.com.my/business/business-news/2016/09/26/best-oracle-makes-another-try-to-stop-cliqs-liquidation/