Ramssol acquires 51% stake in Geekstart for RM6.9mil

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The story "Ramssol acquires 51% stake in Geekstart for RM6.9mil" was covered 1 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 1w ago

Ramssol acquires 51% stake in Geekstart for RM6.9mil - The Star

Quick Summary:

BANGKOK: Human capital management solutions and technology provider Ramssol Group Bhd is acquiring a 51 per cent stake in Bangkok-based Geekstart Company Ltd for RM6.9 million to expand its digital capabilities across Southeast Asia.

Tan further elaborated that the acquisition would be made through the issuance of 13 million new shares by the company.

"With these profit guarantees, the forward price-to-earnings ratio for the acquisition is projected to be 1.9 times, underscoring the value of this investment," he told Malaysian media after the acquisition signing ceremony here today.