CTOS in for more growth

"We remain very excited about developments taking place at CTOS, especially from the acquisition of JurisTech,” Brahmal tells StarBizWeek.

CTOS Digital Bhd has been in the news recently for a sizeable sale of its shares. The company sold 5% in equity via a placement exercise to raise RM173.8mil, while at the same time its major shareholder private equity firm Creador disposed of some 184.88 million CTOS units, trimming its stake to 30.1% from 40% previously.

The credit reporting agency had in December last year said that it intended to fund the synergistic acquisition of banking software specialist Juris Technologies Sdn Bhd (JurisTech) via a placement of its shares.