The Board of Directors of Wah Seong Corporation Berhad announced that the company’s indirect wholly-owned subsidiary namely Wasco Coatings Finland Oy had on 17 January 2017 incorporated a wholly-owned subsidiary in Finland by the name of Wasco Coatings Finland (Plant and Equipment) Oy (WCFPE). WCFPE has an initial issued and paid-up share capital of EUR 2,500.00 only comprising 1,000 shares of EUR 2.50 each which are fully subscribed for and paid up by WC Finland. The intended business of WCFPE is the provision of pipe coating services to the oil and gas industry and the leasing of land, building and coating equipment.