3 days ago
- Business
- New Straits Times
Red Sena to hold last meeting on July 11 before winding up
KUALA LUMPUR: Red Sena Bhd, a special purpose acquisition company (SPAC), will hold its final meeting of members on July 11, as it enters the last phase of its winding-up process.
In a filing with Bursa Malaysia today, the company said a final cash distribution of RM4.91 million was completed on May 7, 2025, translating to RM0.00614125 per share for eligible shareholders.
The final meeting, scheduled for 10.30am at Corus Hotel here will provide shareholders with a report from the liquidator on how the company's assets were managed and disposed of.
Shareholders will also consider a resolution on how the company's books and records should be handled, as required under Sections 459 and 518(3)(c) of the Companies Act 2016.
Following the conclusion of the meeting and submission of the required documents to the Companies Commission of Malaysia, Red Sena will be delisted from Bursa Malaysia.
A further announcement will be made upon completion of the company's dissolution.
