Entries by CahyaMataadmin

CMS approves UBG sale

Monday, 11 January 2010, Kuching — Late Friday evening, 8 January 2010, Cahya Mata Sarawak Berhad (CMS) made an announcement to Bursa Malaysia on an offer it had received from PetroSaudi International Ltd to acquire all the ordinary shares held by CMS subsidiaries, Concordance Holdings Sdn Bhd and PPES Works (Sarawak) Sdn Bhd (representing 37.21% […]

CMS Trust declares Income Distributions for 4 Funds

Kuala Lumpur, 5 January 2010– CMS Trust Management Berhad (CMST) has declared income distributions for four of its funds for the financial year ended December 31, 2009. The funds involved are the CMS Premier Fund, CMS Balanced Fund, CMS Islamic Fund and CMS Islamic Balanced Fund. Its equity growth funds, CMS Premier Fund and CMS […]

Ceased Operations of loss making IT companies

CMS realised that its momentum would be better maintained without involvement in this aspect of the information, communication and technology (ICT) sector. It had originally entered into a share sale agreement with local information technology company I-Systems Group Bhd in early 2005 for the acquisition of shares amounting to just over RM18.0 million, representing a 51% equity interest in the MSC-status […]

Disposal of UBG Bhd

In order to focus more clearly on its key businesses, CMS sought to dispose of its stake in Utama Banking Group (UBG). Before doing so however, in May 2009, UBG disposed of CMS Roads Sdn Bhd and CMS Pavement Tech Sdn Bhd to its listed subsidiary Putrajaya Perdana Bhd. On 29 December 2009, it was announced that Petro […]

CMS I-Systems wins Capability Development recognition from MDeC

31 December 2009, Kuala Lumpur — Some good news for the team at CMS I-Systems Berhad! The CMMI Level 3 certified software development company was recently awarded recognition of its global standards from the Multimedia Development Corporation (MDeC), driver of MSC Malaysia’s National ICT Initiative. CMS I-Systems was one of 64 recipients of the prestigious […]