Cahya Mata to buy 50% Sacofa stake and warrants

KUCHING: Cahya Mata Sarawak Bhd (CMSB), which will acquire a 50% stake in state-controlled Sacofa Sdn Bhd, also intends to acquire the company’s outstanding warrants currently held by the State Financial Secretary (SFS).

SFS holds some 18.45 million Sacofa warrants, out of a total 43.47 million outstanding warrants. Other warrant holders are Celcom Axiata Bhd (12.83 million), Sarawak Information Systems Sdn Bhd (6.42 million) and Yayasan Sarawak (5.78 million).