The sale of Rashid Hussain Berhad in 2007 paved the way for UBG’s transformation and growth. Upon the completion of its regularization plan, UBG saw a change in its group activities and the entry of new shareholders, Abu Dhabi-Kuwait-Malaysia Investment Corporation, joining the support of Cahya Mata Sarawak. Today, UBG seeks to bring together companies, partners and people to harness collective strengths and resources, and to take advantage of potential opportunities. More than an investor, UBG aims to value-add to investee companies and to ensure that they excel and grow, thereby contributing to the wealth creation for all its stakeholders.
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PPES Works (Sarawak) Sdn Bhd was incorporated in 1990 and is CMS' main construction arm. The company has played a key role in Sarawak's rapid infrastructure development, and continues to do so today. PPES Works has built up a wealth of experience in managing and implementing multi-million dollar projects. It undertakes civil engineering, building and utilities work, roads construction and maintenance, bridges and water-related projects. PPES Works is 51%
owned by CMS and 49% owned by Government agency, Sarawak Economic Development Corporation (SEDC).
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