OM Holdings to conclude purchase of indirect subsidiaries’ stakes from Cahya Mata Sarawak in December
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).
In a filing with Bursa Malaysia on Thursday (Sept 15), OM Holdings — which is also listed on the Australian Securities Exchange (ASX) — said the transaction is expected to be completed on Dec 13.
On June 14, CMS announced the disposal of its entire 25% stake in OM Material (Sarawak) and OM Materials (Samalaju) to OMS.
https://www.theedgemarkets.com/arti...bsidiaries-stakes-cahya-mata-sarawak-december
Ann: MEDIA RELEASE H1 2022 NPAT USD60 Million UP 231%, page-80
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