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.
KUALA LUMPUR: PhillipCapital Group has announced that its derivatives broking arm in Malaysia, Phillip Futures Sdn Bhd has entered into a business sale and purchase agreement with Alliance Investment Bank Bhd for the purchase of the bank’s stockbroking business.
KUALA LUMPUR (Dec 2): Alliance Bank Malaysia Bhd is disposing of its stockbroking business to stockbroking firm Phillip Futures Sdn Bhd, as part of the banking group’s strategic plan to re-prioritise its businesses to accelerate growth in its consumer, small- and medium-sized enterprise (SME) and Islamic banking businesses.
KUALA LUMPUR: Alliance Bank Malaysia Bhd has proposed to dispose of its stockbroking business, held by wholly-owned unit Alliance Investment Bank Bhd (AIBB), to Phillip Futures Sdn Bhd.
KUALA LUMPUR (May 7): Construction services provider Tuju Setia Bhd, which is set to be the first company to be listed on the Main Market of Bursa Malaysia this year on May 19, saw its initial public offering (IPO) of 80 million new shares oversubscribed by 42.1 times.
The offer price is at 70 sen per share.
In a statement today, Tuju Setia said it received a total of 21,292 applications for 682.3 million shares with a total value of RM477.6 million for the 15.9 million shares that were made available for application by the Malaysian public.
Meanwhile, the Bumiputera portion of shares was oversubscribed by 37.2 times, after a total of 11,006 applications for 302.8 million shares were received.