Norges Bank, which manages Norway’s Government Pension Fund Global, has emerged as a substantial shareholder with a 5.03% stake.
CMS is a Sarawak-based conglomerate with diversified interests that include cement, phosphates manufacturing, oiltools, road maintenance, property development and financial services.
However, based on its closing price of RM1.05 on Sept 8, Norges Bank could have forked out RM56.75 million for the stake. Norges Bank’s mission is to promote economic stability and manage substantial assets on behalf of the Norwegian people, according to its website.
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