KUALA LUMPUR: CTOS Digital Bhd has upped its stake in RAM Holdings Bhd by an additional 3.5%, bringing its total shareholdings in the bond rating agency to 8.1%. CTOS had previously also fully funded its RM10.1mil acquisition of 4.6% stake or 462,500 shares in CTOS in July with the IPO proceeds. "We acquired this additional stake in RAM as we look to realise the strong synergies between both companies. According to the statement, the acquisition is not subjected to the approvals of CTOS Digital's shareholders or other relevant regulatory authorities. Article type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights

Source: The Star December 08, 2021 11:14 UTC