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CTOS Digital buys minority stake in RAM for RM10m


CTOS Digital group chief executive officer Dennis Martin (pic) said: “We believe there are strong synergies in both product offerings and customer base between both companies which we will look to realise on moving forward.”
KUALA LUMPUR: Credit reporting company CTOS Digital Bhd is buying a 4.6% stake in rating agency RAM Holdings Bhd from CIMB Bank Bhd for RM10.05mil.
In a filing with Bursa Malaysia on Thursday it had entered into a share purchase agreement with CIMB to buy the stake, comprising 462,500 shares.
This is the first acquisition for CTOS Digital after its listing on July 19. The flotation exercise drew very strong interest from institutions and investors. ....

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EPF, PNB, AIA among CTOS Digital's 23 cornerstone investors


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. ....

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