KUALA LUMPUR, June 16 (Bernama) — Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions on 15 June 2022 announced that it has acquired 41,680 treasury shares in Asian Business Software Solutions Pte Ltd (“ABSS”) for SG$1.28 million (equivalent to approximately RM4.09 million). The 41,680 treasury shares represent a 7.93% equity interest in ABSS, increasing Censof’s equity interest in ABSS to 97.00% from 89.07% currently, upon completion of the acquisition.
The acquisition is expected to improve Censof’s earnings with its higher equity interest in ABSS. It will also enhance the Group’s long-term growth potential as well as strengthening its position as a market leader to provide the full spectrum of the financial management solutions across all levels of market segment.
