Want to own a ToTo business? Your chance may be here! But is it worth it?
Malaysia’s BTOTO would like to spin off their subsidiary Sports ToTo Malaysia SDN BHD into a business trust to be constituted and registered in Singapore to be known as Sports TOTO Malaysia Trust (STM-TRUST)
STM is principally engaged in the business of operating Toto pool betting under
Section 5 of the Pool Betting Act, 1967.
STM is licensed to operate its Number Forecast Operation (“NFO”) nationwide.
It currently offers seven (7) games which are drawn three (3) days in a week, namely Toto 4D, Toto 4D Jackpot, Toto 5D, Toto 6D, Mega Toto 6/52, Power Toto 6/55 and Supreme Toto 6/58. STM also offers the most number of games in Malaysia and has the largest domestic network of 680 outlets in Malaysia.
This sounds great.
The reasons for IPO
This IPO serves as a ......
