KUALA LUMPUR: Catcha Digital Bhd
(Catcha Digital) has proposed a renounceable rights issue of new ordinary shares with free detachable warrants to raise funds to finance acquisitions by the company and its subsidiaries.
In a filing with Bursa Malaysia today, the company said it will host an online briefing with investors on April 29, 2025 (Tuesday), between 10 and 10.45 am.
Up to 90,120,544 rights shares and up to 180,241,088 warrants are proposed to be issued, it said.
The proposal will be on a minimum subscription level, with unconditional and irrevocable written undertakings from major shareholders Catcha Group Pte Ltd and Catcha Investments Ltd to ensure raising a minimum of RM11.51 million in gross proceeds.
The proceeds will be used to partially fund Catcha Digital Group's ongoing and potential strategic acquisitions, including the proposed acquisitions of Drive 2 Digital Sdn Bhd, Theta Service Partner Sdn Bhd, Framemotion Studio Sdn Bhd, and DS Services Sdn Bhd, the filing said.
"These acquisitions are expected to be value-accretive and align with the company’s long-term growth strategy to expand its digital footprint and diversify its revenue streams," it said.
Based on an indicative rights of RM0.28 each, the proposed exercise is expected to raise at least RM11.51 million and up to RM25.23 million maximum. - Bernama
