Diversified group Cahya Mata Sarawak Bhd is selling its entire 25% stakes in OM Materials (Sarawak) Sdn Bhd and OM Materials (Samalaju) Sdn Bhd to OM Materials (S) Pte Ltd for a combined US$120 million (RM521 million) cash.
KUALA LUMPUR: OM Holdings Ltd's subsidiary OM Materials (S) Pte Ltd has entered into a deal with Samalaju Industries Sdn Bhd, a unit of Cahya Mata Sarawak Bhd, that will see the latter exit its investment in the ferrosilicon and manganese alloy smelting complex in Samalaju Industrial Park in Sarawak.
Based on corporate announcements and news flow on Thursday, companies in focus on Friday (May 6) may include: Ajiya Bhd, Cahya Mata Sarawak Bhd, ES Ceramic Technology Bhd, CIMB Group Holdings Bhd, Computer Forms (Malaysia) Bhd, Favelle Favco Bhd, G3 Global Bhd, Malaysian Bulk Carriers Bhd, Petronas Dagangan Bhd and Serba Dinamik Holdings Bhd.
Here is a brief look at some corporate announcements and news flow on Thursday (March 17) which involve Eco World Development Group Bhd, Gas Malaysia Bhd, SKP Resources Bhd, Allianz Malaysia Bhd, Sarawak Consolidated Industries Bhd, LYC Healthcare Bhd, Vizione Holdings Bhd, Cahya Mata Sarawak Bhd, Scomi Energy Services Bhd and Sapura Energy Bhd.
KUALA LUMPUR (March 14): Cahya Mata Sarawak Bhd (CMSB) has appointed Mukhnizam Mahmud as the group's acting chief financial officer (CFO), effective Tuesday (March 15).