KUALA LUMPUR: CTOS Digital Bhd has proposed to undertake a share placement to raise RM270mil to pay for the proposed acquisition of a 49% stake in Juris Technologies Sdn Bhd and an additional 2.25% stake in Thailand-based Business Online Public Company Limited, Bernama reported.
CTOS Digital group CEO Dennis Martin said: “CTOS Digital’s growth story, combined with an innovative, comprehensive product offering has proven to be a compelling one.
KUALA LUMPUR: The Employees Provident Fund Board and Permodalan Nasional Bhd are among the 23 cornerstone investors for CTOS Digital Bhd’s impending initial public offering (IPO) on Bursa Malaysia Securities Bhd.
The credit reporting agency said on Wednesday among the other local and global institutional investors for its IPO are Aberdeen Standard Investment, AIA, Eastspring Investments, FIL Investment Management and JP Morgan Asset Management.
The 23 cornerstone investors constitute the largest number of institutional investors participating in a Malaysian IPO.
CTOS Digital aims to raise RM220m from IPO thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
(Adds CTOS comment)
KUALA LUMPUR, May 11 (Reuters) - Malaysian credit reporting agency CTOS Digital Bhd is looking to raise as much as 1.2 billion ringgit ($291.72 million) in an initial public offering (IPO) aimed for the third quarter this year, two sources familiar with the deal said.
The listing, which could value CTOS at 2.4 billion ringgit, could come as soon as July end, said the sources, who sought anonymity as the process was private.
“There’s been great interest from foreign and local institutions, and commitment expressed early on,” one of the sources said on Monday.
Both pointed to robust appetite for the offering, even at the early stages of structuring the deal.
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KUALA LUMPUR Malaysian credit reporting agency CTOS Digital Bhd is looking to raise as much as 1.2 billion ringgit ($291.72 million) in an initial public offering aimed for the third quarter this year, two sources said.
The listing, which could value the company at 2.4 billion ringgit, could come as soon as the end of July, said the sources familiar with the deal, who sought anonymity as the process was private.
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“There’s been great interest from foreign and local institutions, and commitment expressed very early on,” one of the sources said on Monday.