CTOS to buy Creador's stake in RAM, raising ownership to 39.1%

CTOS Digital Bhd has proposed to buy a 19.9% stake in RAM Holdings Bhd from Creador’s Oscar Matrix Sdn Bhd for RM51.3 million or RM25.80 per share. The acquisition, which is expected to be completed by the third quarter of this year, will raise CTOS’ shareholding in RAM to 39.1% or 3.91 million shares, the credit reporting agency said in a filing with Bursa Malaysia.

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