The Star Business - Newly-listed SPAC may seek QA in Australia or Papua New Guinea

KUALA LUMPUR: Newly-listed Reach Energy Bhd may seek its qualifying acquisition (QA) in Australia or Papua New Guinea due to the more liberal fiscal regime in these locations.

Managing director Shahul Hamid Mohd Ismail hinted the special-purpose acquisition company (SPAC) was looking at oil and gas (O&G) assets and companies in the Oceania.

He said Reach Energy was also eyeing businesses in Malaysia, Indonesia, Australia, Myanmar, Thailand, Vietnam and the Philippines.

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1. Newly-listed SPAC may seek QA in Australia or Papua New Guinea