“With the larger shareholding in RAM, we will have more room to explore ways to collaborate, and subsequently co-develop a suite of products and services that cater to demand from our customer network,” said CTOS Digital group CEO Dennis Martin.(pic)
PETALING JAYA: CTOS Digital Bhd
has upped its stake in RAM Holdings Bhd by an additional 3.5%, bringing its total shareholdings in the bond rating agency to 8.1%.
In a statement, the group said it acquired the 350,000 shares in RAM from Standard Chartered Bank (M) Bhd for RM7.6mil, to be funded by cash raised from its recent initial public offering.
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