CTOS obtains shareholders approval to acquire 49% stake in JurisTech

CTOS Digital Deputy Group Chief Executive Officer Eric Hamburger

KUALA LUMPUR: CTOS Digital Bhd has received its shareholders’ approval for the proposed acquisition of a 49% stake in Juris Technologies Sdn Bhd (JurisTech) for RM205.8mil cash.

“We are certainly elated by this vote of confidence from our shareholders, as we embark on this value-accretive exercise to bring a stronger end-to-end digital lending solution proposition to the market,” CTOS digital deputy group chief executive officer Eric Hamburger said in a statement.