Posted by TheContrarian > 2016-09-28 12:07 | Report Abuse

Around 47.89 sen representing 97% of the trust money will be distributed by November. Balance 3% after deduction of tax and direct distribution expenses will be distributed after tax clearance.

Posted by 2016v > 2016-09-20 10:07 | Report Abuse

don't make sense why the balance 3% is paid within 2 yrs, within 6 months is more reasonable or within July next year, a year from tko date

Posted by TheContrarian > 2016-09-20 10:20 | Report Abuse

Because our Inland Revenue is very slow in giving tax clearance.

Posted by MuttonCurry > 2016-09-20 10:42 | Report Abuse

Got 1 week left to make decision b4 kedai tutup 4 good.

Posted by luilai > 2016-09-20 10:50 | Report Abuse

Suspension on trading

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5208713

Posted by 2016v > 2016-09-20 11:15 | Report Abuse

last chance for yield investors to buy

Posted by ktsk88 > 2016-09-20 12:37 | Report Abuse

the 97% refund works out to 0.4938 sen and based on today 0.47sen.......can make money too.

Balance 3% after tax clearance..

Posted by ktsk88 > 2016-09-20 12:43 | Report Abuse

The creditor Law Asia already retracts their claims and no further claims can be filed against Sona in the future so case is close for good.

The 97% payout amounting to 0.4938 sen with remaining 3% later.

So anyone buying is still making money consider now only 0.47sen..............or 5% returns in less than a year better than FD rate.

Posted by jasonor > 2016-09-20 13:41 | Report Abuse

i sold my few lots of sona few months ago at 0.465, been holding since ipo. was hopping tht the QA will be approved because oil at a very low price. few years later when oil rise back sona will gain big. but big shareholders decides to vote no to QA. what can a bilis investor like me do?

Posted by seanchin > 2016-09-20 15:56 | Report Abuse

Sona so-called leader and management team: Andreas, Msc in Mech. Eng; Hadian, B. Chem. Eng; Maznah, MBA (Finance); Myo, B. Elec. Eng.; Anton, M. Mech. Eng & M. Edu in Buss. & Acc.; Mohamed Sabri, B. Petroleum Eng.; Mohamed Khadar, ???; Akbar Tajudin, M. Petroleum Eng.; Saw, BSc. Chemistry; Andria, BSc. Geology; Tan, PhD. Petroleum Eng.; Sakthi Kumar, MBA (Corp Fin.). http://www.sonapetroleum.com/our-people.html

Posted by 2016v > 2016-09-20 19:09 | Report Abuse

all SPACs will fail in low oil price environment, whatever the qualification & experience make nice wallpapers

Posted by 2016v > 2016-09-20 19:17 | Report Abuse

Stag Field sold to Canadian oil co for USD10 million. LOL

Posted by faizkl > 2016-09-21 10:27 | Report Abuse

My stock broker informed that the company will pay RM0.4938. Why haven't the share price rise to RM0.49? Or they are waiting last minute to buy?

Posted by Kareemabduljabbar > 2016-09-21 13:41 | Report Abuse

pls change stockbroker.

Posted by learner1234 > 2016-09-21 23:47 | Report Abuse

Sona sona...one of my former colleague is on the board...

Posted by callme777 > 2016-09-23 16:16 | Report Abuse

2 more days.... Bye bye

Posted by TheContrarian > 2016-09-23 17:57 | Report Abuse

Sold off all my Sona @ 47.5 sen and bought into Red Sena @ 40.5 sen.

Posted by callme777 > 2016-09-23 18:29 | Report Abuse

Finally this shit is over soon

Posted by TheContrarian > 2016-09-23 19:24 | Report Abuse

Good bye Sona and thanks for the almost 20% gain.

Posted by speakup > 2016-09-25 22:21 | Report Abuse

SONA will always have a special place in my heart. speakup made a big RM40k profit from SONA.

Posted by ruslimz > 2016-09-26 05:13 | Report Abuse

me too.....I am one of those it's IPO investors......I got a big MITI allocations when not many people intrested with it's IPO. I made the biggest ever profit out of this sona since I started playing saham more than 30 years ago. SONA will be always in my mind.....adios......

Posted by lse2016 > 2016-09-28 23:53 | Report Abuse

tax clearance just means that the authorities must verify that sona has paid all their taxes right? in other words, sona has paid all their taxes and there are no more taxes to pay....is this right?

Posted by omega7055 > 2016-10-04 10:13 | Report Abuse

I didn't sell off my SONA shares, what happens now ?

Posted by TheContrarian > 2016-10-04 21:21 | Report Abuse

Wait for your cheque.

Posted by jetchew > 2016-10-20 09:39 | Report Abuse

how long time to wait??

Posted by rohank71 > 2016-10-20 22:52 | Report Abuse

forever

Posted by T1T4N > 2016-10-21 17:59 | Report Abuse

The Liquidators wish to inform shareholders that pursuant to the order of the High Court of Malaya at Kuala Lumpur (Commercial Division) (“High Court”) granted on 10 October 2016, the Liquidators will be making an interim distribution of 97% of the monies held in cash trust account, to eligible shareholders (“Interim Distribution”).



Details of the Interim Distribution are as follows:



(a) Date of Interim Distribution: 31 October 2016;



(b) Eligible shareholders: Based on the record of depositors at Bursa Malaysia Depository Sdn Bhd as at the entitlement date of 29 September 2016 as confirmed by the High Court on 10 October 2016; and



(c) Amount to be distributed: Cash equivalent of RM0.47988 for every one (1) ordinary share of RM0.01 each held in the Company.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5237261

That was fast.. 31 October distribute money!
Congrats for yield investors~

Posted by jetchew > 2016-10-24 09:13 | Report Abuse

good news!!!!!!!!!!!!!

Posted by vivre > 2016-10-26 18:53 | Report Abuse

btw, what does Interim Distribution mean? and when can we get remaining 3%?

Posted by vivre > 2016-10-31 11:11 | Report Abuse

Just got the morning this morning. That was quick!

Posted by smalltimer > 2016-10-31 16:50 | Report Abuse

will there be remainder of 3%

Posted by T1T4N > 2016-11-01 11:48 | Report Abuse

Got my payment :-D
payout as e-Dividend lol

Posted by T1T4N > 2016-11-01 11:55 | Report Abuse

Yes, there will be another 3%.
At least it ends well and fast although going through all those SAGA.

Good bye sona.

Posted by ktsk88 > 2016-11-01 12:47 | Report Abuse

Yeah got it yesterday after almost 3 years but with returns of over 13% which turned out to be about 4.30%pa.................not taking into the balance 3%.

Bye Bye SONA

Posted by stockraider > 2016-11-01 13:04 | Report Abuse

The low return is due to the Sona-w burn loh....!!
As for raider the sona....give 14% pa to raider bcos warrant raider sold off early and recoup capital loh....!!

Posted by smalltimer > 2016-11-01 13:14 | Report Abuse

if yesterday return is dividend....wat happen to capital?

Posted by stockraider > 2016-11-01 13:21 | Report Abuse

There is no dividend....it is capital distribution mah...!!

Posted by rohank71 > 2016-11-02 13:26 | Report Abuse

i have not received my payment yet. was it by way of cheque.

Posted by Mdnor Deraman > 2016-11-03 09:31 | Report Abuse

interim distribution payment is credited directly into the
bank accounts of shareholders who have registered in CDS

Posted by 2016v > 2016-11-03 10:08 | Report Abuse

when is final balance payment expected? 6 months or a year?

Posted by ktsk88 > 2016-11-03 12:23 | Report Abuse

The balance doesn't matter to me whether 6 months or more since the bulk of the funds already returned.....hahaha...............any balance later just treated as dividend.

Posted by smalltimer > 2016-12-05 11:47 | Report Abuse

anymore money coming?

Posted by samuel87 > 2017-01-18 14:42 | Report Abuse

Is it sona-wa burn off ? Any heard about this ?

Posted by TomyamGong > 2017-02-03 23:13 | Report Abuse

what happen to sona?

Posted by ktsk88 > 2017-02-04 08:52 | Report Abuse

Sona already pay back the sum of 97% to shareholders of the mother shares wherealse the warrant holders bear the brunt of the failed QA acquisition.

If you holding warrants.........there goes your monies up in smoke.

Posted by callme777 > 2017-02-08 20:06 | Report Abuse

Lol, don't buy warrants for long term. Now ask is too late. Feel sorry for you

Posted by ktsk88 > 2017-02-08 20:58 | Report Abuse

You can buy warrants but not SPAC warrants.

Posted by stockraider > 2017-02-09 12:23 |

Post removed.Why?

Posted by callme777 > 2017-02-24 11:58 | Report Abuse

Any idea when the last refund will be paid, if any left?

Posted by maximillan > 2017-07-24 15:45 | Report Abuse

Im seeing SONA appearing in my portfolio still. tot they winding up and paid us on 31st Oct! -.-!