KUALA LUMPUR (Oct 21): Sona Petroleum Bhd, which is in the midst of being liquidated, will return 47.99 sen for every share held on Oct 31, 2016, marking the end of the road for the special purpose acquisition company that was listed in 2013. The interim distribution represents 97% of the monies held in its cash trust account, according to its bourse filing today. The distribution follows a High Court's order granted on Oct 10, 2016, it said. Sona Petroleum was the biggest SPAC to be listed in the Southeast Asian country when it debuted. At its last closing price before its shares were suspended on Sept 27, Sona was trading at 48 sen.

Source: The Edge Markets October 21, 2016 15:11 UTC