KUCHING: State conglomerate Cahya Mata Sarawak Bhd (CMS) has announced that its wholly-owned subsidiary Samalaju Industries Sdn Bhd (SISB) entered into a shareholders’ agreement (SA) with Malaysian Phosphate Venture Sdn Bhd (MPVSB), Malaysian Phosphate Additives (Sarawak) |Sdn Bhd (MPASSB) and Arif Enigma Sdn Bhd (AESB) for the development of a phosphate plant in Samalaju.
A joint-venture under the agreement, MPASSB will be owned as to 40% each by SISB and MPVSB, and 20% by AESB.
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