KUALA LUMPUR (Dec 28): CLIQ Energy Bhd, which is in the midst of being wound up, said today final distribution of the remaining monies in the cash trust account will be made to shareholders next month.

"The actual date of the distribution will be announced in due course," it said in a filing with Bursa Malaysia today.

The special purpose acquisition company (SPAC) had on Dec 17 obtained tax clearance from the Inland Revenue Board, clearing its final hurdle for the final distribution of the remaining monies.

CLIQ, which is the second oil and gas SPAC to list on Bursa, was ordered to be the liquidated by the Securities Commission Malaysia after the regulator declined its request for more time to make a qualifying acquisition in February 2016.

This was followed by three failed attempts by its major shareholder Best Oracle Sdn Bhd to stop CLIQ's liquidation process. Trading in its shares was suspended on Oct 5, 2016.