CTOS Digital buys minority stake in RAM for RM10m


CTOS Digital group chief executive officer Dennis Martin (pic) said: “We believe there are strong synergies in both product offerings and customer base between both companies which we will look to realise on moving forward.”

KUALA LUMPUR: Credit reporting company CTOS Digital Bhd is buying a 4.6% stake in rating agency RAM Holdings Bhd from CIMB Bank Bhd for RM10.05mil.

In a filing with Bursa Malaysia on Thursday it had entered into a share purchase agreement with CIMB to buy the stake, comprising 462,500 shares.

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CTOS Digital , RAM Holdings , Dennis Martin

   

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