CTOS Digital Bhd
’s proposed acquisitions are seen by equity analysts as positive and earnings accretive, as well as bringing synergistic benefits and growth acceleration to the group.
On Dec 24, CTOS Digital said in a filing with Bursa Malaysia that it is proposing to buy a 49% stake in financial technology (fintech) specialist JurisTech (Juris Technologies Sdn Bhd) for RM205.8mil cash – the group’s largest ever acquisition since its inception, as well as an additional 2.25% stake in Business Online (BOL) for up to 276.9mil baht (RM34.9mil).
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