Ramssol Group Berhad is making a strategic collaboration with ELMU Education Group Sdn Bhd with an investment of RM1.5 million via a combination of ordinary shares and redeemable convertible preference shares in the group.
The journey of this partnership began when ELMU V, a 70% owned subsidiary of EEG, entered into an exclusive marketing rights agreement with RAMS Solutions Sdn Bhd. This agreement granted RAMS Solutions exclusive marketing rights for ELMU V’s training courses under the Excel programme, focusing on corporate legal, risk management, and anti-corruption that leverages on Ramssol’s marketing and distribution expertise to effectively promote these courses in the market.
Recognising the success of the initial collaboration, ELMU V and Ramssol has extended the term of the principal agreement for an additional five (5) years for its training courses, which also encompasses the expansion of rights, benefits, and interests to Ramssol’s educational arm.
Upon completion of the subscription of Subscription Shares, the shareholding structure of the EEG will see Ramssol holding 10% of the enlarged ordinary share capital in EEG whilst holding 1,484,000 RCPS in EEG.
