CTOS Digital Berhad (CTOS) has announced that it had completed the acquisition of Singapore’s Fintech Platform Ventures Pte Ltd (Fintech).
In a Bursa listing today (Oct 26), the company has acquired more than 4.18 million ordinary shares in the Singaporean firm for RM27,218,503 million (USD5,864,161) instead of RM27,216,540 (USD5,863,738), as announced on Aug 25.
The shares represents 100% of the total paid up share capital in Fintech.
Earlier, on Aug 25, CTOS has announced its plants to acquire Fintech from on August 25, 2023 via bank financing.
It was reported that Fintech has revenue of USD4.09 million, net loss of USD0.63million and net assets of USD1.56 million as at December 31, 2022.
