KUCHING: Cahya Mata Sarawak Bhd (CMS), one of Sarawak-based top performing stocks this year, is in for a re-rating should the company go ahead with its investment in a proposed joint venture integrated phosphate plant project in Bintulu.
In an update on the proposed phosphate plant project last week, CMS said the parties involved were in the final stages of negotiations of a shareholders agreement, technical assistance agreement and term sheet for the power purchase agreement (PPA) for the plant.
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