WAH Seong Corp Bhd, through 80% owned subsidiary Wah Seong China Ltd, has entered into an agreement with Asia Pipeline Services Ltd to acquire 50% stake in a Hong Kong joint venture company for US$100,000.
The joint venture company is to be called Nacap Drilling (China) Co Ltd and will be owned by Wah Seong China and Asia Pipeline on a 50:50 basis.
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