CTOS Digital to buy 49% stake in fintech specialist JurisTech for RM205.8m
The Edge Markets - Technology·2021-12-25 05:02
KUALA LUMPUR (Dec 24): CTOS Digital Bhd has proposed to buy a 49% stake in fintech specialist Juris Technologies Sdn Bhd (JurisTech) for RM205.8 million, cash, the group’s largest-ever acquisition since its inception.
In a statement, the credit reporting agency said it has inked a conditional share sale and purchase agreement for the proposed acquisition from Natsoft (M) Sdn Bhd, the holding company controlled by JurisTech founders, and that the buy is pending approval of its shareholders in an upcoming extraordinary general meeting (EGM).
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