Wah Seong to return to the black in 2022


PETALING JAYA: Wah Seong Corp Bhd will turn the corner in the financial year ending Dec 31, 2022 (FY22) with the recent RM1.1bil line pipe thermal insulation job for the East African Crude Oil Pipeline (EACOP) project, according to Hong Leong Investment Bank (HLIB) Research.

On Feb 22, 2022, Wah Seong said it had secured EACOP job, located between the town of Kabaale in Uganda and the port of Tanga in Tanzania.

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