CTOS Digital Berhad (KLSE:CTOS) entered into a share purchase agreement to acquire an additional 9.1% minority stake in RAM Holdings Berhad from AFFIN Bank Berhad (KLSE:AFFIN), Affin Hwang Investment Bank Berhad and OCBC Bank (Malaysia) Berhad for MYR 25.1 million on April 25, 2022. Under the terms, 910,000 shares of RAM Holdings Berhad will be acquired. The transaction will be fully funded by cash proceeds raised from CTOS Digital's recent initial public offering. The transaction is subject to approval by CTOS Digital Berhad's board of directors but is not subjected to the approvals of CTOS Digital's shareholders or other relevant regulatory authorities. The transaction is subject to Supreme Court's approval.

CTOS Digital Berhad (KLSE:CTOS) completed the acquisition of additional 9.1% minority stake in RAM Holdings Berhad from AFFIN Bank Berhad (KLSE:AFFIN), Affin Hwang Investment Bank Berhad and OCBC Bank (Malaysia) Berhad on April 30, 2022.