CMS Roads and CMS Pavement Tech return to CMS group

Thursday, 6 May 2011, Kuching — Following an Extraordinary General Meeting with shareholders on 4 May 2011 to seek their approval for the acquisition of CMS Roads Sdn Bhd and CMS Pavement Tech Sdn Bhd, the exercise was successfully completed today. CMS Roads and CMS Pavement Tech are now wholly-owned subsidiaries of CMS Works Sdn Bhd, a wholly-owned subsidiary of Cahya Mata Sarawak Berhad.

The two companies were acquired by CMS from Putrajaya Perdana Berhad for RM82.01 million. With it comes the return of 680-plus staff members who are mainly engaged in providing road maintenance services on 4,638 km of State-roads across Sarawak, and pavement works covering construction, rehabilitation and maintenance.

CMS Roads has a 15-year concession from the Sarawak Government to maintain all State-roads. The concession was awarded in 2003.