These are the substantial shareholders of Cahya Mata Sarawak Bhd, according to the firm’s 2009 Annual Report.
The analysis as at 22 March 2010:
Substantial Shareholders as per Register of Substantial Shareholders, excluding nominee companies
Name of Substantial Shareholders – Direct – Indirect – % of Issued
1. Datin Hanifah Hajar Taib (daughter) (Direct) 705,000 (Indirect) 44,925,102 – 13.85%
2. Datuk Syed Ahmad Alwee Alsree (son-in-law) – (Indirect) 45,630,102 13.85%
3. Majaharta Sdn. Bhd. (family concern) (Direct) 44,925,102 – 13.64%
4. Jamilah Hamidah Taib (daughter) (Indirect) 44,925,102 1 – 13.64%
5. Lejla Taib (late wife) (Direct) 37,000,000 – 11.23%
6. YB Dato Sri Sulaiman Abdul Rahman Taib (son) (Direct) 29,465,085 – 8.94%
7. Dato Sri Mahmud Abu Bekir Taib (son) (Direct) 29,400,085 – 8.92%
8. Sarawak Economic Development Corporation (Direct) 26,965,360 – 8.19%
The closing price on 5 July was RM2.30 per share. You do the maths to find out how much the Taib Mahmud family is worth in CMS shares alone.
The CMS group made a profit before tax of RM124 million on the back of turnover of RM875 million in 2009.
Its total equity attributable to equity holders of the firm is RM1.3 billion as at 31 December 2009. It had cash and bank balances totalling RM438 million.
The firm started off in 1974 as Cement Manufacturers Sarawak, a joint venture between the Sabah and Sarawak state development corporations, manufacturing Portland cement, before it was effectively privatised in 1989. From a single product manufacturer of cement, it has broadened its interests into a group of over 40 companies involved in cement manufacturing, construction materials, trading, construction, road maintenance, property development and financial services.
Via CMS Cement, the group retains a virtual monopoly of cement manufacturing in Sarawak, with an annual production capacity of 1.75 million tonnes.