Catcha to buy 60% in trade show organiser

From left: Oscar Ong, vice-president of investments, Catcha Digital; Eric Tan, CEO; Roger Lim, managing director, One International Exhibition Sdn Bhd; and Mindy Mok, admin manager, One International Exhibition.

KUALA LUMPUR: Catcha Digital Bhd plans to acquire a 60% equity interest in trade show organiser One International Exhibition Sdn Bhd for RM11.38mil.

Catcha Digital is involved in the provision of digital media advertising solutions to clients in Malaysia.

In a filing with Bursa Malaysia, the company said its wholly owned subsidiary, Catcha Connect Sdn Bhd, had signed a share sale agreement with One International Exhibition, and the purchase consideration will be satisfied entirely in cash and is subject to adjustments.

“The proposed acquisition will enable Catcha Digital to expand its revenue streams by venturing into the business of intellectual property-based exhibition and leverage the group’s existing customer network,” it said. — Bernama