KUALA LUMPUR: Shares in Catcha Digital Bhd
jumped 29% in early trade after completing its acquisition of iMedia Asia Sdn Bhd for RM43.92mil.
The counter added 28.89%, or 6.5 sen to 29 sen, its highest since July 2021. Year-to-date, it has risen 45%.
“Catcha Digital now owns a fast-growing integrated digital media solutions provider, with an extensive portfolio of digital marketing platforms, reaching 12.7 million Malaysians in June 2022 and services over 100 brands spanning across various industries,” it said.
The group also said it expects to have its Guidance Note 2 (GN2) status lifted after the completion of the final step in its regularisation plan.
“Catcha Digital will have its GN2 status lifted and will continue to execute its strategic plans and explore new opportunities that will drive its growth in the digital and technology industry in South-East Asia.”
The company said the final step of the regularisation plan involves a proposed rights issue which may raise up to RM41.04mil.
Catcha Digital slipped into GN2 status in August 2017 following the sale of its then digital asset, Rev Asia Holdings Sdn Bhd, to Media Prima Bhd for RM105mil.
