Deputy MD buys more Wah Seong shares

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KUALA LUMPUR (Sept 22): Wah Seong Corp Bhd’s (Wah Seong) Deputy Managing Director Giancarlo Maccagno bought an additional 50,000 shares in the oil and gas player last Friday.

According to an announcement to Bursa Malaysia, Maccagno bought those shares on the open market at RM1.79 per share. The acquisition raised the Italian’s direct stake in Wah Seong to 2.065%.

The company’s share price fell 1 sen to RM1.78 today. This gives it a market capitalisation of RM1.37 billion.