Reach Energy whets investor appetite for Malaysian SPACs


Dateline 2014-08-15, Malay Mail:

Reach Energy Bhd, set up by veterans in Malaysia’s oil and gas industry, made its market debut in Kuala Lumpur today after completing the country’s largest-ever initial public offering by a special purpose acquisition company (SPAC).

The RM750 million (US$236.44 million) IPO exceeded the initial share sales by other local SPACs such as Sona Petroleum Bhd and Cliq Energy Bhd, which raised between US$100 million and US$150 million last year.
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This entry was posted on Friday, October 31st, 2014 at 6:58 am and is filed under investment, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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