Wednesday August 29, 2012
Wah Seong completes buy
Stock market data showed the shares, representing a 26.9% stake, were transacted in several off-market deals yesterday.
At RM1.68, this was 23 sen below Monday’s closing price of RM1.91.
Petra Perdana in April appointed CIMB Investment Bank Bhd to undertake a restricted tender process for the divestment of its entire block of shares in Petra Energy.
Wah Seong is the second-largest shareholder in the integrated oil and gas (O&G) brown field services provider with the finalisation of the deal.