CTOS

1.340

+0.06 (+4.7%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY CTOS DIGITAL BERHAD ("CTOS") OF 210,000 ORDINARY SHARES IN RAM HOLDINGS BERHAD ("RAM"), REPRESENTING 2.1% OF THE TOTAL PAID UP SHARE CAPITAL IN RAM, FROM MUFG BANK (MALAYSIA) BERHAD FOR A TOTAL CASH CONSIDERATION OF RM5,985,000 (PROPOSED ACQUISITION)

CTOS DIGITAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY CTOS DIGITAL BERHAD ("CTOS") OF 210,000 ORDINARY SHARES IN RAM HOLDINGS BERHAD ("RAM"), REPRESENTING 2.1% OF THE TOTAL PAID UP SHARE CAPITAL IN RAM, FROM MUFG BANK (MALAYSIA) BERHAD FOR A TOTAL CASH CONSIDERATION OF RM5,985,000 (PROPOSED ACQUISITION)

The Board of Directors of CTOS wishes to announce that pursuant to Paragraph 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company has on 26 September 2022 entered into Share Purchase Agreement with MUFG Bank (Malaysia) Berhad to acquire 210,000 ordinary shares in RAM representing 2.1% of the total paid up share capital in RAM, for a total cash purchase consideration of RM5,985,000 (“the Proposed Acquisition”).

 

Please refer to the attachment for further details of the Proposed Acquisition.




Please refer attachment below.



Announcement Info

Company Name CTOS DIGITAL BERHAD
Stock Name CTOS
Date Announced 26 Sep 2022
Category General Announcement for PLC
Reference Number GA1-19092022-00042