Catcha Digital raises RM29.7mil for growth and expansion

KUALA LUMPUR: Catcha Digital Bhd has raised RM29.7mil from its rights issue exercise for growth and expansion of its business.

In a filing with Bursa Malaysia, Catcha said this capital raising is also the final step in the company’s regularisation plan and its GN2 status is now expected to be lifted.

“We are extremely appreciative of our shareholders’ steadfast confidence and support over the past few years as the regularisation plan was carried out.

“After the completion of the regularisation plan and the upliftment of GN2 status, we can now devote our attention to building, growing, and scaling the Company to greater heights,” chairman Patrick YKin Grove said.

Chief executive officer Eric Tan said: “With the completion of this fundraising exercise, the company is in a strong position to accelerate its growth plans and realise our vision to build a leading digital group in Southeast Asia.”

“Our aim is to attract the best digital and software companies to join with us, consolidating our position as the industry leader in Southeast Asia thus creating sustainable value for all stakeholders,” he added.