The financial services business was one that had then complemented the Group’s banking business. This business unit was restructured after the merger of CMS Capital Sdn Bhd and K&N Kenanga Holdings Berhad. Previously, CMS Capital Sdn Bhd was the holding company of Sarawak Securities Sdn Bhd (SSSB) and Sarawak Securities Futures Sdn Bhd; SSSB was the first licenced stockbroker in Sarawak […]
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On 26 December 2000, CMS Capital Sdn Bhd entered into an exchange agreement with Peninsular Malaysia-based stockbroker K&N Kenanga Holdings Berhad to transfer CMS’ securities and futures business to K&N Kenanga in return for shares in K&N Kenanga. CMS’ subsidiaries Sarawak Securities Sdn Bhd and Sarawak Securities Futures Sdn Bhd were sold to K&N Kenanga in August 2001. The merger […]
Following a period of rapid diversification, on 15 December 1996, the CMS Board agreed to change the company’s name from Cement Manufacturers Sarawak Berhad to Cahya Mata Sarawak Berhad, subject to approval from the Sarawak State Secretary’s Office. This was obtained in a letter dated 5 March 1996, and the change was officially made on 13 June 1996. ‘Cahya Mata’ […]
The CMS Board incorporated two subsidiaries – CMS Cement Sdn Bhd and CMS Properties Sdn Bhd. CMS acquired stakes in three Sarawak Economic Development Corporation subsidiaries – Sara Kuari Sdn Bhd, including PPES Works (Sarawak) Sdn Bhd and PPES Premix Sdn Bhd; Steel Industry Sarawak Bhd; and PCMS Sdn Bhd. CMS’ infrastructure business expanded with the acquisition of Jabatan Kerja Raya’s […]
On 2 February 1989, CMS’ shares were listed on the Kuala Lumpur Stock Exchange Main Board. The shares had been over-subscribed by more than 20 times. On its opening day, it reached a high of RM2.48 per share – compared with the offer price of RM1.30 – before ending the day at RM2.17. This was the first time a Sarawakian […]