PETALING JAYA: Catcha Digital Bhd
, via its wholly owned iMedia Asia Sdn Bhd, has entered into a share sale agreement to acquire a 70% equity interest in Tastefully Malaysia Sdn Bhd, a food expo company, for RM7.6mil cash from Fong Shal Thing and Lee Jing Yee.
In a filing with Bursa Malaysia, Catcha stated the valuation was at an implied weighted-average forward price earnings multiple of 8.58 times and the cash consideration will be paid in four tranches over 36 months.
