The Borneo Post

CTOS digital makes strong debut with 36.4 pct premium

- Dennis Martin

CTOS Digital Bhd made a strong debut on Bursa Malaysia’s Main Market at RM1.50, fetching a premium of 36.4 per cent or 40 sen from its issue price of RM1.10.

KUALA LUMPUR: CTOS Digital Bhd made a strong debut on Bursa Malaysia’s Main Market at RM1.50, fetching a premium of 36.4 per cent or 40 sen from its issue price of RM1.10.

At the opening bell, the counter saw 13.69 million shares changing hands.

This tremendous support motivates us to continue our growth trajectory in the credit reporting industry.

The credit reporting agency’s listing received the largest retail demand for an initial public offering (IPO) since 2013, attracting RM1.38 billion worth of applicatio­ns with 27.6 times oversubscr­iption rate from the retail public, group chief executive officer Dennis Martin said during a virtual IPO listing yesterday.

“This tremendous support motivates us to continue our growth trajectory in the credit reporting industry.

“We will stay true to our ethos of extending our services for the entire consumer lifecycle to major corporatio­ns and SMEs, as well as individual­s on the street.

“Going forward, we will continue to expand our product offerings and customer reach organicall­y and through acquisitio­ns in the Asean region,” he said.

Martin said while growing

its track record, the company would also remain committed in balancing sustainabl­e growth and rewarding shareholde­rs.

CTOS Digital dividend policy of 60 per cent PATAMI showcases this pledge.

The listing of the company today received the largest number of institutio­nal investors participat­ing today with a record 23 renowned cornerston­e investors on-board.

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 ??  ?? (From left) CTOS Digital independen­t non-executive director Datuk Azizan Abdul Rahman, independen­t non-executive chairman Tan Sri Izzudin Dali and Martin during the listing ceremony yesterday.
(From left) CTOS Digital independen­t non-executive director Datuk Azizan Abdul Rahman, independen­t non-executive chairman Tan Sri Izzudin Dali and Martin during the listing ceremony yesterday.

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