Posted on 27 Mar 2015
Cahya Mata Sarawak Bhd (CMSB) is upping its stake in the ferrosilicon and manganese alloys smelting project in Samalaju Industrial Park (SIP) by another 5% for US$18.45 million (RM67.53 million).
Its wholly-owned subsidiary, Samalaju Industries Sdn Bhd (SISB), yesterday entered into a share sale agreement with OM Materials (S) Pte Ltd (OMS), a unit of OM Holdings Ltd (OMH), to purchase the 5% stake.
