CTOS Digital proposes share placement

In a filing with Bursa Malaysia, the company said the proposed placement entails the issuance of up to 166.67 million new ordinary shares, representing about 7.6% of the total number of its issued shares as at Jan 31, 2022.

KUALA LUMPUR: CTOS Digital Bhd has proposed to undertake a share placement to raise RM270mil to pay for the proposed acquisition of a 49% stake in Juris Technologies Sdn Bhd and an additional 2.25% stake in Thailand-based Business Online Public Company Limited, Bernama reported.

In a filing with Bursa Malaysia, the company said the proposed placement entails the issuance of up to 166.67 million new ordinary shares, representing about 7.6% of the total number of its issued shares as at Jan 31, 2022.