CTOS DIGITAL BERHAD
KLSE (MYR): CTOS (5301)
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Last Price
1.18
Today's Change
-0.01 (0.84%)
Day's Change
1.17 - 1.23
Trading Volume
4,026,300
IPO Info
Offer Period
Opening
2021-06-30
Closing
2021-06-30
Time Table
Allotment Date
2021-07-16
Listing Date
2021-07-19
Price
Issue Price
1.10
Units
2,200,000,000
Share Capital
417,994,116.000
No of Shares
Public Issue
200,000,000
Offer for Sale
900,000,000
Private Placement
-
Issuing House
TIIH-705
ISIN Code
MYL5301OO006
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") OF UP TO 1,100,000,000 ORDINARY SHARES IN CTOS DIGITAL BERHAD (FORMERLY KNOWN AS CTOS HOLDINGS SDN BHD) ("CTOS DIGITAL") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARES IN CTOS DIGITAL ("SHARES") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 900,000,000 EXISTING SHARES ("OFFER SHARES") AND A PUBLIC ISSUE OF 200,000,000 NEW SHARES ("ISSUE SHARES") INVOLVING: (I) INSTITUTIONAL OFFERING OF UP TO 936,000,000 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND (II) RETAIL OFFERING OF 164,000,000 ISSUE SHARES TO THE DIRECTORS, EMPLOYEES (INCLUDING DIRECTORS OF THE SUBSIDIARIES OF CTOS DIGITAL) AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF CTOS DIGITAL AND ITS SUBSIDIARIES ("GROUP") AND THE MALAYSIAN PUBLIC AT THE RETAIL PRICE OF RM1.10 PER ISSUE SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED IN THIS PROSPECTUS) IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS. THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (A) THE RETAIL PRICE OF RM1.10 PER ISSUE SHARE; OR (B) THE INSTITUTIONAL PRICE.
CTOS Digital - Prospectus (Part 1).pdf
CTOS Digital - Prospectus (Part 2).pdf
Discussions
5 people like this. Showing 50 of 2,300 comments
The Court of Appeal (COA) on Tuesday overturned a High Court decision that required CTOS Data Systems Sdn Bhd (CDS) to pay RM200,000 damages to a businesswoman earlier this year.
A three-member bench, led by judge Datuk Lee Swee Seng, in allowing CDS’ appeal, ruled that there was no defamation, no negligence, and no breach of statutory duty by the credit-rating agency.
The bench also ruled that the High Court decision or ruling made earlier this year that gave businesswoman Suriati Mohd Yusoff the damages was erroneous.
In addition, Lee, who sat with judges Datuk Azimah Omar and Datuk Azmi Arifin, ordered Suriati to pay costs of RM65,000.
CDS was represented by Datuk Malik Imtiaz Sarwar, Ashok Kandiah, and Khoo Suk Chyi. They separately confirmed the decision and brief broad grounds to The Edge.
Imtiaz said the decision on Tuesday is an important decision for the credit-rating industry.
2024-07-09 16:01
https://www.msn.com/en-my/money/topstories/coa-overturns-high-court-decision-that-required-ctos-to-pay-damages-to-businesswoman/ar-BB1pEA5k
COA overturns High Court decision that required CTOS to pay damages to businesswoman
2024-07-09 16:07
Kan I dah kata, the judge was mulut celupar, if his honour kept his opinion to himself, then the businesswomen could've gotten compensation, now because of him, the high court had to throw the entire judgement out.
2024-07-09 16:55
Then that businesswoman need to pay CTOS for wrongful prosecution ...? 😆
2024-07-10 20:08
https://www.thestar.com.my/business/business-news/2024/07/10/ctos-court-win-alleviates-overhanging-business-risk-say-analysts
"This is a positive win for CTOS but we reckon that the market has baked in a victory ahead of today’s court outcome; this is because its price had recovered to RM1.45 a share from a low of RM1.05 a share when the negative High Court ruling was first announced," said Hong Leong Investment Bank (HLIB) Research in an update.
"That said, before the price plunge, CTOS only managed to reach a one-year peak of RM1.52 a share and most of the time it was oscillating sideways."
The research firm expects the share price upside moving forward to be limited. It reiterated its "hold" recommendation but raised the target price to RM1.60 from RM1.50.
RHB Research, meanwhile, maintained its "buy" call and raised its target price on CTOS to RM1.84 from RM1.77.
"We lower the risk premium given the legality of credit scoring in CRA business is now settled and the dismissal of this dangerous precedent stemming from the initial High Court’s ruling may prevent a floodgate of claims against CTOS," it said in a note.
Kenanga Research upgraded CTOS to "outperform" from "underperform" with a higher target price of RM2 from RM1.15 previously.
2024-07-11 09:32
hold CTOS until you old, this industry is a forever business, for 20 years since i came back from UK, i have wondered why malaysia still don't have any way to buy solid info on private companies. In UK people buy and sell micro and small businesses on a daily basis because they can check the health of the business, unlike here in the past we had to GAMBLE to buy someone else's business.
2024-07-12 12:05
Wasatch Advisors, Inc. provides investment advisory services. The Company offers asset management, investment advisory, and financial planning services. Wasatch Advisors serves customers in the States of Utah and Wisconsin 🤓
https://klse.i3investor.com/web/insider/detail/SBSH_590548_73552548
2024-07-16 15:33
CTOS’ 2Q net profit up 20.7% on higher contribution from all customer groups 🔥
https://theedgemalaysia.com/node/721312
2024-08-02 20:06
Actually local institutions were buying when the market crashed on Monday
2024-08-08 16:12
wow, Creador is buying in
https://klse.i3investor.com/web/insider/detail/SBSH_593191_3130752576
2 months ago
Don't mind him. Anyway, CTOS ups its dividend policy payout to 70%
https://www.thestar.com.my/business/business-news/2024/08/19/ctos-ups-its-dividend-policy-payout
2 months ago
Court orders Teh Brother Timber Sdn Bhd to pay RM200,000 for false info to CTOS. Dnt play play
https://www.freemalaysiatoday.com/category/nation/2024/09/05/court-orders-company-to-pay-rm200000-for-false-info-to-ctos/
2 months ago
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482947
"Reference is made to the previous announcements released on 11 March 2024, 14 March 2024, 3 April 2024, 9 July 2024 and 8 August 2024 in relation to the litigation case between Suriati binti Mohd Yusof ("Plaintiff " / “Applicant”) and CTOS Data Systems Sdn Bhd (“Defendant” / "CDS"). The Board of Directors of CTOS wishes to update on the progress of this case.
The Federal Court has fixed Case Management on 23 October 2024 and Hearing on 6 November 2024 for the Applicant’s Motion for permission to appeal to the Federal Court against the decision of the Court of Appeal on 9 July 2024 allowing CDS’ appeal.
CDS has been advised by its solicitors that there is high prospect in successfully opposing the Applicant’s Motion.
..."
1 month ago
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ChandranG
CTOS will back to RM1.50 floor in one day 🤗
2024-07-09 10:05