Cliq to pay 1.26 sen per share to shareholders for final distribution

Cliq Energy Bhd will be distributing cash equivalent of 1.26 sen for every one ordinary share of one sen each held in the company to the eligible contributories on Jan 31, 2019.

In an exchange filing yesterday, the company said the total amount of monies held in the cash trust account for the final distribution is RM6.12 million.

The entitled contributories are based on the record of depositors at Bursa Malaysia Depository Sdn Bhd as at Oct 7, 2016, excluding the management team and persons connected to them as defined in the prospectus.

In February 2016, Cliq was  ordered to be liquidated by the Securities Commission Malaysia after the regulator declined its request for more time to make a qualifying acquisition.

The oil and gas company had recently obtained tax clearance from the Inland Revenue Board on Dec 17, 2018, for the final distribution of the remaining monies in the cash trust account. — TMR