# OM Holdings bids $120M for full ownership of Malaysian subsidiaries

OM Holdings (OMH) has made a $120 million offer to purchase the remaining 25% stake in its Malaysian subsidiaries OM Sarawak and OM Samalaju from joint venture partner Samalaju Industries (SISB), a unit of Cahya Mata Sarawak.

- Type: Acquisition
- Announced: 2022-05-06
- Where: Sarawak, Malaysia, Malaysia
- Value: $120.0M
- Status: announced
- Products: ferrosilicon, manganese alloy, sinter ore
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Om](https://endata.com/companies/23662.md) (acquirer)
- [Cahya Mata Sarawak Bhd](https://endata.com/companies/46810.md) (target)
- [Samalaju Industries](https://endata.com/companies/62732.md) (target)
- [OM Sarawak](https://endata.com/companies/62733.md) (target)
- [OM Samalaju](https://endata.com/companies/62734.md) (target)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/omh-full-ownership-malaysian-subsidiaries/), 2022-05-06: "Together with our recent secondary listing in Bursa, Malaysia, this transaction marks a key milestone in our journey and complements the wider OMH strategy of growing our Sarawak smelter and becoming the leading supplier of ferroalloys globally."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.