The Edge Business Online - Reach Energy Falls 8%, To Finalise Qualifying Acquisition Within Time Frame

KUALA LUMPUR (Aug 15): Reach Energy Bhd, which fell as much as 8% on its maiden trading day, expects to finalise its qualifying acquisition (QA) in the Asia Pacific region within the given time frame, according to managing director Shahul Hamid Mohd Ismail.

Reach Energy, a special purpose acquisition company (SPAC) focusing on oil and gas assets, had earlier indicated it would acquire its first asset in the Asia Pacific within one to two years.

Today, Shahul said the firm was committed to its expansion plans.

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1. Reach Energy Falls 8%, To Finalise Qualifying Acquisition Within Time Frame