They also want extension of time period to complete QA
KUALA LUMPUR : CLIQ Energy Bhds promoters have moved to apply for a general meeting to stop the liquidation of the companys assets and to extend the time period for completing a qualifying acquisition (QA).
In an exchange filing, the board of directors of CLIQ disclosed that it had received a requisition letter signed by Best Oracle Sdn Bhd (BOSB), Kandiah Subramaniam and Mohd Adam Mohd Said.
BOSB represents the interests of the groups management team which includes Kandiah and Mohd Said. It has a 20% stake in the special purpose acquisition company.
The letter calls for a general meeting to be convened pursuant to Section 144 of the Companies Act 1965 to consider two resolution…
Read the full article at: http://www.thestar.com.my/business/business-news/2016/09/27/cliq-promoters-seek-egm-to-stop-liquidation/