Bursa Securities rejects Catcha Digital’s revamp plan

KUALA LUMPUR: Bursa Securities has rejected Catcha Digital Bhd’s (formerly Rev Asia Bhd) proposed regularisation plan on concerns about suitability of iMedia Group in the revamp plan.

In a statement to Bursa Malaysia, it said Catcha Digital’s sponsor has not demonstrated to the satisfaction of Bursa Securities the ability of the plan to comply with Chapter 3 and Guidance Note 18 (GN18) of the ACE Market Listing Requirements.