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Kuala Lumpur, Friday, 9 April 2010 – K & N Kenanga Holdings Berhad (Kenanga) announced today that its subsidiary, Kenanga Investment Bank Berhad (KIBB), has completed the 100% acquisition of CMS Trust Management Berhad (CMS Trust) for a total sum of RM23 million cash. The acquisition will strengthen Kenanga’s position as a leading independent financial […]
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% […]
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 […]
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 […]
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 […]
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