Hot Stock Censof rises on news of JV with ABSS
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Hot Stock Censof rises on news of JV with ABSS
Hot Stock Censof rises on news of JV with ABSS |
Business & Markets 2014 |
Written by Shalini Kumar |
Tuesday, 07 October 2014 16:42 KUALA LUMPUR (Oct 7): Censof Holdings Bhd rose 5.22% to 60.5 sen as at 4:22pm, on the back of news that it had signed a joint venture agreement with Asian Business Software Solutions Sdn Bhd (ABSS). At 4.22pm, Censof was the third most actively traded counter on Bursa Malaysia, with some 50.9 million shares changing hands. Earlier today, Censof said its wholly-owned unit, Century Software (M) Sdn Bhd was teaming up with ABBS to combine their resources and capabilities to leverage on the introduction of the Goods and Services Tax (GST) system. The JV is also to drive the sales growth of Censof’s MYOB brand of accounting software products to new customers in the domestic market. |
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