Credit Suisse emerges substantial shareholder of CLIQ energy

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KUALA LUMPUR (Oct 14): Credit Suisse Group AG has emerged as a substantial shareholder in Cliq Energy Bhd, after acquiring 5.024% stake in the latter.

CLIQ Energy, an oil and gas special purpose acquisition company, told Bursa Malaysia today that Credit Suisse had acquired the stake comprising 31.7 million last Thursday (Oct 9).

According to CLIQ, the purchase by Credit Suisse was an "open market investment" by the latter.

Shares of CLIQ remained unchanged at 63 sen, with 3.19 million units having changed hands. It has a market capitalisation of RM397.49 million.