Some industry news I heard about, while doing a risk assessment for one of our clients.
Remember Wah Seong, a company I previously mentioned as not having met? To quote from their website:
Staying focused is imperative in this dynamic, ever-challenging industry. Hence, the Group has now organised itself into 6 business divisions under its wholly owned subsidiary, Wasco Energy Limited.
Actually, it’s kind of funny. Both the old and new company websites are up and running, if you know the secret code. (For discovering this error, please send the check to IGL. Bullion and diamonds accepted).
Anyhow, I came across Gas Services International Ltd (GSI), which Wah Seong bought in 2005. It turns out that they have recently (this week) gone through an exercise where they will carry the Wasco brand.
Kinda like when Pöyry was building up its brand by renaming all its subsidiaries.