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 IPO: CLIQ Energy Berhad, SPAC on O&G assets in Asia/Oceania

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kailc
post Mar 24 2015, 05:53 PM

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PROPOSED ACQUISITION BY CLIQ OF A 51% EQUITY INTEREST IN A SPECIAL PURPOSE VEHICLE TO BE INCORPORATED IN THE REPUBLIC OF KAZAKHSTAN FROM PHYSTECH FIRM LLP (“VENDOR”)FOR A PURCHASE CONSIDERATION OF UNITED STATES DOLLAR 117.3 MILLION (EQUIVALENT TO RM433.4 MILLION) (“PROPOSED ACQUISITION”)

http://www.bursamalaysia.com/market/listed...cements/1911405
king_majesty
post Mar 24 2015, 10:45 PM

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QUOTE(kailc @ Mar 24 2015, 04:33 PM)
QA announcement
EGM approve
SC approve
Sign official contract

4 times of rocketing
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Boss, EGM first or SC Approval first? not mistaken, SC approval comes first then the EGM right?
kailc
post Mar 25 2015, 08:13 AM

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QUOTE(king_majesty @ Mar 24 2015, 09:45 PM)
Boss, EGM first or SC Approval first? not mistaken, SC approval comes first then the EGM right?
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SC approval come first
kailc
post Mar 25 2015, 08:47 AM

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APPROVALS REQUIRED

The Proposed Acquisition is subject to the following being obtained:

(i) the approval of the SC;
(ii) the approval of the shareholders of CLIQ at an extraordinary general meeting to be convened;
(iii) the approval of BNM for the remittance of funds abroad;
(iv) the consent of MOE for the change in ownership of the Subsoil Use Contract from Phystech to the SPV pursuant to the BTA;
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(v) the approval of MOE for the Proposed Development Plan pursuant to the BTA;
(vi) the approval/consent of the MOE and the KASE listing authority for the KASE Listing pursuant to the BTA;
(vii) the approval of the competent authority of the Republic of Kazakhstan for the sale of the 51% equity interest in the SPV to CLIQ, if required;
(viii) the consent of the anti-monopoly authority of Kazakhstan for the Proposed Acquisition; and
(ix) the approval/consent of any other relevant authorities/parties, if required.
wil-i-am
post Mar 25 2015, 11:55 AM

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Both mother n warrant down after announcement
Buy on rumours n Sell on facts
peri peri
post Mar 25 2015, 12:26 PM

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they buying frenzy on cliq started since last 2 weeks after bad news from sapura kencana. still thinking in now or wait
nexona88
post Mar 25 2015, 12:31 PM

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QUOTE(kailc @ Mar 25 2015, 08:47 AM)
APPROVALS REQUIRED

The Proposed Acquisition is subject to the following being obtained:

(i) the approval of the SC;
(ii) the approval of the shareholders of CLIQ at an extraordinary general meeting to be convened;
(iii) the approval of BNM for the remittance of funds abroad;
(iv) the consent of MOE for the change in ownership of the Subsoil Use Contract from Phystech to the SPV pursuant to the BTA;
17
(v) the approval of MOE for the Proposed Development Plan pursuant to the BTA;
(vi) the approval/consent of the MOE and the KASE listing authority for the KASE Listing pursuant to the BTA;
(vii) the approval of the competent authority of the Republic of Kazakhstan for the sale of the 51% equity interest in the SPV to CLIQ, if required;
(viii) the consent of the anti-monopoly authority of Kazakhstan for the Proposed Acquisition; and
(ix) the approval/consent of any other relevant authorities/parties, if required.
*
so many approval needed sweat.gif
king_majesty
post Mar 25 2015, 11:14 PM

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user posted image

Price chart from HIBISCS. as you can observe, you should expect 3 bumps each times together with the announcement of Conditional S&P, SC Approval & EGM.
shilas
post Mar 27 2015, 10:00 PM

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QUOTE(nexona88 @ Mar 25 2015, 12:31 PM)
so many approval  needed sweat.gif
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tentu approved punya,tak pernah jumpa spac refund fund to investor...
king_majesty
post Mar 29 2015, 12:08 AM

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QUOTE(shilas @ Mar 27 2015, 10:00 PM)
tentu approved punya,tak pernah jumpa spac refund fund to investor...
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Not really. Few months back, SC wanted a SPAC (CLIQ) to fail in order to show market the refund system works.
nexona88
post Mar 29 2015, 12:42 PM

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QUOTE(king_majesty @ Mar 29 2015, 12:08 AM)
Not really. Few months back, SC wanted a SPAC (CLIQ) to fail in order to show market the refund system works.
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really? shocking.gif unsure.gif
king_majesty
post Mar 30 2015, 12:22 PM

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QUOTE(nexona88 @ Mar 29 2015, 12:42 PM)
really? shocking.gif  unsure.gif
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ask around, either SC or one of the SPAC company people. its an open secret. this will put pressure to the SPAC management to perform & not just enjoying their salary.
nasT
post Jul 31 2015, 09:26 AM

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bila mau jalan ini CLIQ?
wil-i-am
post Jul 31 2015, 09:46 PM

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Finally Cliq submit corporate proposal to SC today for approval
nasT
post Aug 1 2015, 11:03 AM

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Its about time.. Gentleman start your engine
nujikabane
post Sep 6 2015, 04:08 PM

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What is CLIQ main business ?
nexona88
post Sep 6 2015, 06:08 PM

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QUOTE(nujikabane @ Sep 6 2015, 04:08 PM)
What is CLIQ main business ?
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No biz currently.. it's "tin kosong" with $$ given by IPO investors

they expected to buy some O&G assets soon

This post has been edited by nexona88: Sep 6 2015, 06:08 PM
nujikabane
post Sep 6 2015, 08:32 PM

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QUOTE(nexona88 @ Sep 6 2015, 06:08 PM)
No biz currently.. it's "tin kosong" with $$ given by IPO investors

they expected to buy some O&G assets soon
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All along tin kosong or used to have core business ?
If my memory serves me correct, companies with no core business are also called shell company.
Shell companies, in nature would not need capital [i.e. no further reason to be traded actively in KLSE], and hence have to be de-listed. Right ?
nexona88
post Sep 6 2015, 08:42 PM

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QUOTE(nujikabane @ Sep 6 2015, 08:32 PM)
All along tin kosong or used to have core business ?
If my memory serves me correct, companies with no core business are also called shell company.
Shell companies, in nature would not need capital [i.e. no further reason to be traded actively in KLSE], and hence have to be de-listed. Right ?
*
bro this is SPAC.. they listed as "tin kosong".. later they use IPO $$ to buy assets nod.gif
CyanT
post Sep 6 2015, 08:43 PM

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QUOTE(nujikabane @ Sep 6 2015, 08:32 PM)
All along tin kosong or used to have core business ?
If my memory serves me correct, companies with no core business are also called shell company.
Shell companies, in nature would not need capital [i.e. no further reason to be traded actively in KLSE], and hence have to be de-listed. Right ?
*
This is a SPAC, so it's normal. They'll use IPO money to buy asset. If they don't buy within a certain time frame, you'll get your money back.

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