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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