CTOS Digital Berhad (KLSE:CTOS) entered into agreement to acquire 80% stake in PT Prime Analytics Indonesia from CIBI Holdings Pte. Ltd for $0.48 million on August 25, 2023. The consideration for acquisition shall be fully satisfied by bank financing. Prime Analytics reported net loss of $0.04 million and net assets of $0.63 million. The acquisition will not have a material effect on the earnings per share and net assets per share of CTOS for the financial year ending December 31, 2023. As a result of the acquisition, the gearing of the CTOS group of companies will increase from 0.23 times to 0.24 times.

CTOS Digital Berhad (KLSE:CTOS) completed the acquisition of 80% stake in PT Prime Analytics Indonesia from CIBI Holdings Pte. Ltd on September 1, 2023.