Thursday, August 25, 2011

Wah Seong shelves demerger plan

KUALA LUMPUR: WAH SEONG CORPORATION BHD [] has shelved its proposed demerger of the oil and gas businesses held under Wasco Energy Ltd.

Wah Seong said on Thursday, Aug 25 the board 'has today decided to put on hold the proposed Demerger until further notice in view of the uncertain global market conditions'.

It said the board would relook at the proposed demerger at a more opportune time for the listing of Wasco Energy and make the necessary announcement in due course.

No comments:

Post a Comment