"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.
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