KUALA LUMPUR: CLIQ Energy Bhd is considering three methods of liquidation such as members voluntary liquidation, creditors voluntary liquidation and winding up by court order.
According to its filling to Bursa Malaysia today, CLIQ said the documentation for all three winding up methods were being considered and/or prepared.
CLIQ also said it was not cost effective for the special purpose acquisition company (SPAC) to intervene in the judicial review filed by its 20 per cent shareholder, Best Oracle Sdn Bhd.
The shareholders of Best Oracle consisted of five members of CLIQs management team led by managing director and chief executive officer Ahmad Ziyad Elias.
“As far as the company is concerned, as announced on April 10, given…
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