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“Sona will undertake the process of liquidation, as the company is solvent.

We are in the process of identifying liquidators,” he said after its AGM here yesterday.

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Inset filepic) SHAH ALAM: Amid falling investor confidence on special-purpose acquisition companies (SPACs), Sona Petroleum Bhd has given them a reason to be optimistic after the management gave its commitment to return money to shareholders, following its failure to get a qualifying asset (QA).

The management, led by Datuk Seri Hadian Hashim ( (close shop) and was in the midst of appointing a liquidator.

The company was founded on February 19, 1997 and is located in Dallas, TX.

The management, led by Datuk Seri Hadian Hashim (caricature), said that Sona was set to tutup kedai (close shop) and was in the midst of appointing a liquidator.(Sona had earlier sought to buy a 100% interest (plus operatorship) in the Stag Oilfield, an offshore Western Australia oilfield which was already producing oil at the rate of 4,600 barrels per day as of June 2015, for USmil (RM104mil).

Editor's note: The original story stated that the value of Gander Mountain's merchandise was 0 million.