KUALA LUMPUR (Dec 1): Cahya Mata Sarawak Bhd (CMS) on Thursday (Dec 1) clarified that the interim injunction granted by the Asian International Arbitration Centre (AIAC) in favour of its subsidiary Malaysian Phosphate Additives (Sarawak) Sdn Bhd (MPAS) against Syarikat SESCO Bhd is to refrain SESCO from exercising certain actions relating to the dispute between the parties, under the power purchase agreement relating to the sale and purchase of electric power for a phosphate production facility located in Sarawak.
Here is a brief recap of some corporate announcements that made the news on Friday (Nov 25) involving Infomina Bhd, Genting Malaysia Bhd, Petronas Chemicals Group Bhd, Axiata Group Bhd, Sunway Bhd, Affin Bank Bhd, Dagang NeXchange Bhd, IOI Corp Bhd, Sarawak Oil Palms Bhd, Uchi Technologies Bhd, Bintulu Port Holdings Bhd, IJM Corp Bhd, Chin Hin Group Bhd, OM Holdings Ltd, Bintai Kinden Corp Bhd, Tenaga Nasional Bhd and IGB Bhd.
KUALA LUMPUR (Sept 15): OM Holdings Ltd (OMH), via its subsidiary OM Materials (S) Pte Ltd (OMS), has fulfilled conditions to acquire the remaining 25% interest in key Malaysian operating subsidiaries OM Materials (Sarawak) Sdn Bhd and OM Materials (Samalaju) Sdn Bhd from Cahya Mata Sarawak Bhd (CMS) for a total cash consideration of US$120 million (RM526.62 million).
KUALA LUMPUR (July 21): Cahya Mata Sarawak Bhd (CMS) is suing its former executive director Datuk Syed Ahmad Alwee Alsree and five others for alleged breaches of fiduciary duties in respect of the construction of an integrated phosphate additives plant in Samalaju, Sarawak.
KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMSB) has proposed to dispose off the group’s entire 25 per cent interest in ferrosilicon and manganese alloy smelter OM Materials (Sarawak) Sdn Bhd and project management service provider OM Materials (Samalaju) Sdn Bhd for US$120 million (US$1=RM4.42).