ASEAN 2021
Part 62: Thailand | CTOS Digital Bhd
CTOS buys extra shares in Thai associate
By Azanis Shahila Aman - August 8, 2021 @ 12:40pm
Quote:
KUALA LUMPUR: CTOS Digital Bhd has acquired an additional 2.65 per cent stake in its Thailand-based associate Business Online Public Company Ltd (BOL) for RM26.8 million.
CTOS said this raised its stake in BOL to 22.65 per cent from 20.00 per cent, expanding its foothold in Thailand's business decision-making solutions market.
"The acquisition will be fully funded by proceeds from the recent initial public offering (IPO). The 2.65 per cent shareholding adds on to CTOS Digital's earlier acquisition of a 20 per cent stake in BOL in October 2020," it said.
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https://www.nst.com.my/business/2021...thai-associate