CTOS sells 10% Juris stake to Natsoft for US$12M
What's the deal? CTOS DigitalDealroom has a profile for this one. Try Dealroom → has agreed to sell a 10% stake in Malaysian software developer Juris Technologies to NatsoftDealroom has a profile for this one. Try Dealroom →, Juris' initial and majority shareholder, for US$12M. The sale cuts CTOS' holding from 49% to 39%, leaving Juris an associate after completion.
Why now? CTOS described the deal as the first phase of a plan to monetise the investment it built in March 2022, when it acquired its 49% interest for US$49.2M.
The numbers: The price is based on an agreed US$119.6M valuation for Juris, or 17 times earnings on its audited 2025 accounts. Juris recorded nearly US$7.17M in profit after tax and net assets of US$16.6M that year; the stake being sold has a net book value of US$11.3M.
What changes for shareholders? CTOS plans to return most proceeds to investors, splitting US$11.7M evenly between a special dividend and share buybacks. The dividend is estimated at 1.07 sen per share, with the remaining US$239.1K covering tax and transaction costs.
What's the endgame? CTOS intends to pursue either an initial public offering of Juris or a sale of its remaining shares to a third party within 18 months, subject to market conditions. If no exit happens in that window, CTOS can buy back all or part of the 10% stake at US$119.6 per share.
What could go wrong? The smaller holding is expected to reduce CTOS' share of Juris' profits by about US$717.4K on an annualised basis, though it books a one-off gain of US$382.6K and expects no material effect on 2026 earnings.
The signal: The staged exit — a partial sale now, a full exit later — lets CTOS lock in gains and reward shareholders while keeping optionality on how it cashes out the rest. The deal needs no shareholder or regulatory approval and should close by the end of July 2026.
Read more: fintechnews.my
