The manifold and testing facility at the oilfield in Kazakhstan which Cliq Energy had previously set its sights on.
KUALA LUMPUR: Cliq Energy Bhd, which has been named a respondent along with the Securities Commission (SC) in the judicial review application filed recently by Best Oracle Sdn Bhd, will not oppose the review. It will, however, proceed with the liquidation and dissolution process.
The special purpose acquisition company told Bursa Malaysia on Friday that its board (represented by the directors who are not conflicted to decide on behalf of the company) took the view that it was not cost-effective for Cliq to intervene in the judicial review.
Best Oracle, which holds a 20% stake in Cliq and whose shareholders are the five me…
Read the full article at: http://www.thestar.com.my/business/business-news/2016/04/15/cliq-energy-to-proceed-with-liquidation-process/