Red Sena calls it a day
Fifty suitors for QA but no deal
THE winding up of Red Sena Bhd 
marks the end of a seven-year run of the special-purpose acquisition company (SPAC) listed on Bursa Malaysia.
Red Sena was the last of the five SPACs that got floated on the local exchange. The first SPAC was Hibiscus Petroleum Bhd in 2011.
Red Sena was touted to be among the most promising of the lot. SPACs are meant to graduate from cash shells into full-fledged operating companies.
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