The Edge Markets - Reach Energy: Not All SPACS Are The Same

With CLIQ Energy -- the second SPAC to be listed on Bursa -- set to be liquidated, investors may turn cautious on the less-than-popular instrument. However, Reach Energy MD Shahul Hamid Mohd Ismail argues that each SPAC has to be looked at differently, especially on its ability to identify valuable oil assets. Yesterday, Reach Energy announced it was buying into a Kazakh oil field operator for about RM633mil..

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