Ramssol Group Berhad has entered into a Share Subscription Agreement with VCI Global Limited to subscribe to 303,030 new ordinary shares representing 0.89% equity interest for a total cash consideration of RM4 million.
VCI Global is primarily involved in technology consulting, providing business and technology consulting, investment, and related services in various countries including Malaysia, Singapore, the United States, and the United Kingdom.
Group Managing Director and Chief Executive Officer of Ramssol, Datuk Seri Cllement Tan Chee Seng, “We have been building strategic collaborations to offer advanced technology solutions to our customers and are delighted to conclude this agreement with VCI Global as part of our journey to unlock more potential of Ramssol within the industry.”
Ramssol is looking to expand its product offerings and services provided to its customers in the existing markets through this collaboration. While VCI Global which is also involved in the provision of IT consultancy and software development business is in line with the company’s strategy.
The Subscription Shares are expected to be completed by the end of September 2022.
