KUALA LUMPUR: Censof Holdings Bhd
has acquired a 7.93% stake, or 41,680 treasury shares in Asian Business Software Solutions Pte Ltd (ABSS) for SG$1.28mil (RM4.09mil).
In a statement, the financial management software solution provider said the acquisition increased its equity interest in ABSS to 97.00% from 89.07% currently, upon completion of the acquisition.
Censof said the acquisition is expected to improve Censof’s earnings with its higher equity interest in ABSS.
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