Stay abreast with the latest happenings in Cahya Mata Sarawak Berhad (CMS).

Cahya Mata Sarawak Berhad to acquire Sacofa Sdn Bhd

Kuching (Sarawak), Thursday, 2 April 2015 – Cahya Mata Sarawak Berhad (CMSB – 2852), confirms it has entered into a conditional share purchase agreement with the State Financial Secretary on behalf of the State Government of Sarawak for the proposed acquisition of a 50% shareholding in Sacofa Sdn Bhd (Sacofa), a Sarawak based telecommunications infrastructure and services company.

This proposed acquisition will comprise ordinary shares for a consideration of RM186.79 million. The proposed acquisition is subject to a due diligence and other conditions that are precedent and typical in such cases, and will be funded by CMSB using its own internally generated funds and/or borrowings.

In making the announcement, Dato’ Richard Curtis, Group Managing Director, Cahya Mata Sarawak Berhad, said: “As a progressive and dynamic organisation with a proven track record of delivering results, with solid business management and investment strategies derived from sound business acumen, and a special focus on Sarawak and the Sarawak Corridor of Renewable Energy (SCORE), we look forward to working with the management and the other shareholders in Sacofa.

“While CMSB understands that our major stakeholders will have many questions about this acquisition, we have no further comment to make until the sale and purchase is concluded, at which time we will make a further statement.’’ This announcement comes 5 weeks after CMSB posted record profits, with a year-on-year pre-tax profit up 16% to RM341 million for the financial year ended 31 December 2014 (FY2014). The Group also reported a total revenue of RM1.67 billion for FY2014, an 18% increase from the corresponding year’s (FY2013) revenue of RM1.42 billion.

Cahya Mata Sarawak Berhad increases stake in OM’s Sarawak project

Kuching (Sarawak), Thursday, 26 March 2015 – Cahya Mata Sarawak Berhad (CMSB) (2852), the State’s leading infrastructure facilitator, is pleased to announce that its wholly-owned subsidiary, Samalaju Industries Sdn Bhd (SISB), has entered into a Share Sale Agreement with OM Materials (S) Pte. Ltd. (OMS) – a wholly-owned subsidiary of OM Holdings Ltd (OMH) – for the purchase of an additional 5% equity interest in the Ferrosilicon and Manganese alloys smelting project in Samalaju Industrial Park (SIP).

Under the terms of the Share Sale Agreement, the consideration payable by SISB to OMS for this transfer is USD18.45 million. The transfer is anticipated for completion, barring any unforeseen circumstances, by the end of March, 2015. Upon its successful completion, SISB’s effective interest in the Sarawak Project will be 25% and OMS’s effective interest will be 75%.

In response to the Share Sale Agreement, Dato’ Richard Curtis, Group Managing Director, Cahya Mata Sarawak Berhad, said: “The purchase of additional equity interest reflects our special focus in businesses that are part of the Sarawak Corridor of Renewable Energy (SCORE) initiative, and our confidence in this smelting project. OMS’s first phase of production commenced in September 2014, and going forward this project is expected to contribute
significantly towards our Group’s earnings.”

This comes four weeks after CMSB posted record profits, with a year-on-year pre-tax profit up 16% to RM341 million for the financial year ended 31 December 2014 (FY2014). The Group also reported total revenue of RM1.67 billion for FY2014, an 18% increase from the previous year’s (FY2013) revenue of RM1.42 billion.

Cahya Mata Sarawak Berhad Posts Record Profits – CMSB’s year-on-year pre-tax profit up 16% to RM341 million

Kuching (Sarawak), Wednesday, 25 February 2015 – Cahya Mata Sarawak Berhad (CMSB – 2852), the State’s leading infrastructure facilitator, has delivered a strong performance for the (unaudited) financial year ended 31 December 2014 (FY2014). The Group reported a total revenue of RM1.67 billion for FY2014, an 18% increase from the corresponding year’s (FY2013) revenue of RM1.42 billion. The pre-tax profit (PBT) recorded for FY2014 was RM341.45 million, a 16% increase compared with FY2013’s PBT of RM294.89 million. The PBT reported for the fourth quarter ended 31 December 2014 (4Q14) also remained strong at RM72.43 million.

Year-on-year, the Group’s profit after tax and non-controlling interests (PATNCI) of RM221.34 million for FY2014 is 26% higher than the RM175.07 millKuching (Sarawak), Wednesday, 25 February 2015 – Cahya Mata Sarawak Berhad (CMSB – 2852), the State’s leading infrastructure facilitator, has delivered a strong performance for the (unaudited) financial year ended 31 December 2014 (FY2014). The Group reported a total revenue of RM1.67 billion for FY2014, an 18% increase from the corresponding year’s (FY2013) revenue of RM1.42 billion. The pre-tax profit (PBT) recorded for FY2014 was RM341.45 million, a 16% increase compared with FY2013’s PBT of RM294.89 million. The PBT reported for the fourth quarter ended 31 December 2014 (4Q14) also remained strong at RM72.43 million.ion reported for FY2013. Earnings per share stood at 21.42 sen versus 17.52 sen* (adjusted for share split & bonus issue in June 2014) from last year.

The main contributors towards the strong PBT earnings for FY2014 were the Cement, Construction & Road Maintenance and Construction Materials & Trading Divisions. The Cement Division recorded a PBT of RM120.48 million in FY2014, a 25% increase in comparison to FY2013’s PBT of RM96.66 million. The Construction Materials & Trading Division reported a PBT of RM76.48 million for FY2014, exceeding FY2013’s PBT of RM55.08 million by 39%. The Construction & Road Maintenance and Property Development Divisions also reported strong revenue and PBT earnings to contribute towards the Group’s results for FY2014.

Commenting on the results, Dato’ Richard Curtis, Group Managing Director of CMSB said, “CMSB’s success in recording five years of record revenue and profits growth in a challenging business environment is attributable to our prudent business model, professional management and focus on delivering long-term sustainable growth. Significant achievements have been recorded; namely by the Cement, Construction Materials & Trading, Construction & Road Maintenance and Property Development Divisions. With strong financial performance recorded in 2014, we hope to carry forward this momentum as we move into a new era of transformational growth.”

“We believe that CMSB is one of the best proxy listed investments for Sarawak’s accelerating economic growth. This is consistent with the State’s promotion of energy intensive industries under the Sarawak Corridor for Renewable Energy (SCORE) initiative and the infrastructure and related services required across the State. These two drivers, which are long term and not affected by oil prices, are set to propel the State’s economy and CMSB to new heights.

“CMSB’s 20% stake in the joint venture ferro silicon and manganese alloys smelter project with Australian listed OM Holdings Ltd, and 40% stake in an integrated Phosphate Products complex with Malaysian Phosphate Additives Sdn Bhd and Arif Enigma Sdn Bhd – plus other investments being evaluated – are poised to significantly drive up shareholder value. With professional employees, world-class capabilities, a focussed strategy and synergetic business portfolio across Sarawak, CMSB is increasing its value and growth for all four of our stakeholders – our Shareholders, Staff, Customers and Community – bringing prosperity to all”, said Dato’ Curtis.

CMS: Media Statement on Employee Union

Kuching (Sarawak), Friday, 16 January 2015 – CMS Cement Sdn Bhd (CMS Cement) notes the recent reports surrounding alleged anti-union formation activities. The process of balloting was conducted and supervised by the authorities in a free and transparent manner in accordance with the law and we reject any accusations of wrong-doing, suppression of our employees’ freedom of association or wrongful dismissal.

CMS Cement will not tolerate gross misconduct such as threatening behaviour or aggressive insubordination and such unprofessional acts will be met with firm disciplinary action, in full accordance with the nation’s labour laws.

CMS Cement welcomes engagement from the appropriate authorities to review the allegations, during which we will cooperate fully and transparently, confident in the knowledge that the outcome will attest to our full compliance and high professional standards.