CTOS obtains shareholders approval to acquire 49% stake in JurisTech


CTOS Digital Deputy Group Chief Executive Officer Eric Hamburger

KUALA LUMPUR: CTOS Digital Bhd has received its shareholders’ approval for the proposed acquisition of a 49% stake in Juris Technologies Sdn Bhd (JurisTech) for RM205.8mil cash.

“We are certainly elated by this vote of confidence from our shareholders, as we embark on this value-accretive exercise to bring a stronger end-to-end digital lending solution proposition to the market,” CTOS digital deputy group chief executive officer Eric Hamburger said in a statement.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

CTOS , JurisTech , acquisition , EGM

   

Next In Business News

Malaysia's private non-financial sector's credit growth moderated to 4.8% in September
US tariffs on China to have mixed impact on Asean economies - OCBC
Minox International proposes 1-for-2 bonus issue of warrants
UBS posts bigger-than-expected net profit in third quarter
China and Hong Kong stocks drop as US election risks loom
StanChart third-quarter profit more than doubles on strong wealth growth, raises guidance
Bursa Malaysia's net profit jumps 42% to RM85.74mil in 3Q as ADV climbs
FBM KLCI slides as US election jitters mount
Australian dollar stuck near three-month lows on mixed inflation data
Axis-REIT raises RM449.73mil from private placement

Others Also Read