Censof increases equity interest in ABSS to 97%

Censof Holdings Bhd group managing director Ameer Shaik Mydin.

KUALA LUMPUR: Censof Holdings Bhd has acquired a 7.93% stake, or 41,680 treasury shares in Asian Business Software Solutions Pte Ltd (ABSS) for SG$1.28mil (RM4.09mil).

In a statement, the financial management software solution provider said the acquisition increased its equity interest in ABSS to 97.00% from 89.07% currently, upon completion of the acquisition.