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Ramssol Unit to Buy Stakes in Two Firms Worth MYR14 Million

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Ramssol Group (KLSE:RAMSSOL) unit Rams Fintech proposed to acquire stakes in Innio and Agensi Pekerjaan Innio for a combined 14.4 million ringgit.

The deal includes a 3.6 million ringgit payment in cash and the issuance of 15.4 million new Ramssol shares at 0.70 ringgit each.

The businesses are involved in manpower outsourcing, recruitment, and AI-driven job-matching services across Southeast Asia.

Post-acquisition, Innio will become a 60% unit, while Agensi Pekerjaan Innio will be owned 49% by the company.

The deal is expected to be completed by the third quarter, subject to regulatory and other approvals, it added.

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