Stock market data showed the shares, representing a 26.9% stake, were transacted in several off-market deals on Tuesday. At RM1.68, this was 23 sen below the Monday's closing price of RM1.91.
To recap, the Petra Energy block of shares was divested by Perdana Petroleum Bhd due to its inability to control much of the business direction in the former.
Perdana Petroleum had 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.