CTOS Digital Bhd has proposed to sell a 10% equity stake in Juris Technologies Sdn Bhd to Natsoft (M) Sdn Bhd for RM50 million in cash, as part of its strategy to optimise its investment portfolio and sharpen its focus on its core business operations.
According to a filing with Bursa Malaysia, CTOS entered into a Share Sale Agreement (SSA) with Natsoft on July 22, involving the disposal of 100,000 ordinary shares, representing 10% of Juris Technologies’ issued and paid-up share capital.
Upon completion of the transaction, CTOS’ shareholding in Juris Technologies will decrease from 49% to 39%, while Natsoft, the software developer’s founding and majority shareholder, will increase its stake.
CTOS said the proposed disposal aligns with its long-term strategy of monetising non-core investments that offer limited strategic influence and operational synergies.
“The proposed disposal is consistent with CTOS’ strategy to optimise its investment portfolio by monetising a non-core asset with limited strategic synergies and influence,” the company said.
The group noted that while Juris Technologies remains a valuable investment, its minority stake provides limited strategic control over the company’s operations. By unlocking the value of the investment, CTOS will be able to redeploy capital towards initiatives that are more closely aligned with its core credit reporting, digital solutions and data analytics businesses.
The disposal price of RM50 million was agreed on a willing buyer-willing seller basis and reflects an overall equity valuation of RM500 million for Juris Technologies. CTOS said the valuation was determined after considering the market value of comparable companies operating in similar sectors.
The transaction is expected to be completed by the end of July 2026, subject to the fulfilment of the completion obligations outlined in the Share Sale Agreement.
CTOS acknowledged that the completion of the deal remains subject to the agreed terms and conditions under the SSA. Should any of the completion obligations not be fulfilled, the transaction could be delayed or terminated in accordance with the agreement.
Nevertheless, the company said it will take all reasonable steps to ensure the conditions are met promptly to facilitate a smooth completion of the disposal.
The proposed sale does not require shareholders’ approval or approval from any regulatory authorities. It is also not conditional upon any other corporate proposals undertaken or planned by the company.
As the transaction will be settled entirely in cash, CTOS said it will not affect the company’s share capital, nor will it result in the issuance of new shares or changes to the shareholdings of its substantial shareholders.
Following a review of the transaction, the board concluded that the proposed disposal is in the best interests of both the company and its shareholders.
“The board, having considered all aspects of the proposed disposal, is of the opinion that the proposed disposal is in the best interest of CTOS and its shareholders,” the company said.
The move reflects CTOS’ continued efforts to streamline its investment portfolio, improve capital efficiency and strengthen its focus on businesses that offer greater strategic value and long-term growth potential.
