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Published: Thursday June 21, 2012 MYT 5:54:00 PM
Wah Seong succeeds in bid for Perdana Petroleum's Petra Energy stake
KUALA LUMPUR: Perdana Petroleum Bhd has picked Wah Seong Corporation Bhd's unit as the successful bidder for the 26.9% stake in Petra Energy Bhd.
Perdana Petroleum said on Thursday the board had selected Wasco Energy Ltd as the successful bidder for the 57.70 million sale shares.
Based on Thursday's closing price of RM1.47, the stake could be worth RM84.82mil.
CIMB Investment Bank Bhd was appointed by Petra Perdana to undertake a restricted tender process for the proposed divestment of the latter's entire stake in Petra Energy.
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