http://www.bbc.com/news/business-31811787 This ex Prudential CEO will be leading Credit Suisse after June 2015. Before that, acquisition was done by previous CEO B. Dougan.
Jacklintan - u need to have sona mother share registered in your name on 17/6 or if you have no shares then submit your friend proxy form before 11 am this morning to their registred secretary office.
once u have done either one of the above, bring yourself and IC to the event
Lunch provided but transport is on yr own
jacklintan @nice1: What do I need to get if I wanna go for AGM ?
First - conversion of proposed remuneration directors to Sona-Wa. And this will hold by trust and can only be transacted upon successful QA; 2nd - If not possible, defer the payment of remuneration to the next AGM subject to success of getting a QA 3rd - Ask them how confidence of them to get QA and recorded it with your smart phone.
In addition, try to get as much info on potential QA from them. Ask them to list down potential acquisition pipelines. If they insisted, tell them "are u doing your job, if yes why you cannot list down all the potential QA to us"
@micheal lee: I heard ya. The management got to be genuine in their effort. If they still give us excuses and postponing again, it could be better to hold cash n sell SONA
KUALA LUMPUR (June 24): Special purpose acquisition company (SPAC) Sona Petroleum Bhd said it is still confident of meeting its July 30, 2016 deadline to make a qualifying acquisition (QA), following its failed move to acquire Salamander Energy (Bualuang Holdings) Ltd.
Despite the July 2016 deadline giving slightly more than a year for the SPAC to make its QA, Sona (fundamental: N/A; valuation: N/A) chairman Andre van Strijp said the company still has enough time to properly evaluate its options.
“It’s not necessary to make the QA now, because we still have time to analyse and check the best QA. We are aware of the time needed to obtain the approvals, we have experience in that. We still have sufficient time. It’s a compromise between making the QA now and optimising our choice,” he said.
Sona managing director Datuk Seri Hadian Hashim said the company was still focusing on the Southeast Asian, Middle Eastern and African regions, aiming to acquire low risk small-to-medium exploration and production (E&P) assets.
“There are shortlisted candidates, with varying degrees of maturity. Due diligence works are being carried out. We are confident that we would be able to do the QA within the timeframe specified,” he said, addressing a press conference following the company’s annual general meeting today.
He added that Sona is looking at onshore and shallow water projects, and is not looking at acquisitions outside of the specified regions.
At 12.30pm, Sona was unchanged at 42 sen, with a market capitalisation of RM592.5 million.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
27,014 posts
Posted by speakup > 2015-06-19 16:10 | Report Abuse
i stopped playing this counter already after 3X or 4X in & out.