The regularisation plan will involve the acquisition of the entire equity interest of iMedia Asia Sdn Bhd, an integrated digital media solution provider with 12.7 million users visiting its websites and social media platforms in June. iMedia Group recorded more than 100% year-on-year growth of its pretax profit from financial year (FY) 2019 to FY2021, Catcha said in a filing with Bursa Malaysia yesterday.
PETALING JAYA: Catcha Digital Bhd
’s (formerly Rev Asia Bhd) shareholders have approved its proposed right issue and regularisation plan which will uplift its GN2 status as the company seeks to position itself in the digital media industry.
The regularisation plan will involve the acquisition of the entire equity interest of iMedia Asia Sdn Bhd, an integrated digital media solution provider with 12.7 million users visiting its websites and social media platforms in June. iMedia Group recorded more than 100% year-on-year growth of its pretax profit from financial year (FY) 2019 to FY2021, Catcha said in a filing with Bursa Malaysia yesterday.
Catcha plans to launch a rights issue to raise up to RM41.04mil (based on an indicative issue price of 23.5 sen per rights share) to settle first hurdle payment and second hurdle payment and working capital.
The company has secured the undertaking for the rights issue from its major shareholder, Catcha Group, which will see it raise a minimum of RM18mil.
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