CATCHA

0.290

-0.01 (-3.3%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CATCHA DIGITAL BERHAD ("CATCHA DIGITAL" OR "THE COMPANY") - PROPOSED ACQUISITION BY IMEDIA ASIA SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF CATCHA DIGITAL) ("IMEDIA" OR THE "PURCHASER") OF 30% EQUITY INTEREST IN HEADLINE MEDIA SDN BHD ("HEADLINE MEDIA") FOR A CASH CONSIDERATION OF RM1,235,000.00 ("PROPOSED ACQUISITION")

CATCHA DIGITAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
CATCHA DIGITAL BERHAD ("CATCHA DIGITAL" OR "THE COMPANY")
 - PROPOSED ACQUISITION BY IMEDIA ASIA SDN BHD (A WHOLLY-OWNED SUBSIDIARY OF CATCHA DIGITAL) ("IMEDIA" OR THE "PURCHASER") OF 30% EQUITY INTEREST IN HEADLINE MEDIA SDN BHD ("HEADLINE MEDIA") FOR A CASH CONSIDERATION OF RM1,235,000.00 ("PROPOSED ACQUISITION")

The Board of Directors of the Company (“Board”) wishes to announce that iMedia had on 9 October 2023, entered into a share sale agreement for the acquisition of 600 ordinary shares in Headline Media (representing 30% equity interest in Headline Media) with the shareholders of this company, namely:

 

(i) Tan Yu Ang (“TYA”), Chan Jin Wen (“CJW”), Dylan Tan Ying Ren (“DTYR”), Esther Lee Siew Ying (“ELSY”) and Sarah Yeoh Yu-En (“SYYE”) (collectively, “Co-Founder Shareholders”);

 

(ii) Dotace Interactive Sdn Bhd (“DISB” or “Corporate Shareholder”); and

 

(iii) Liu Chee Haw (“LCH”),

 

for a cash consideration of RM1,235,000 (“Purchase Consideration”) (“SSA”).

 

(The Co-Founder Shareholders, Corporate Shareholder and LCH are collectively referred to as the “Vendors”).

 

Kindly refer to the attachment for further information on the Proposed Acquisition.

 

This announcement is made on 9 October 2023.

 




Please refer attachment below.



Announcement Info

Company Name CATCHA DIGITAL BERHAD
Stock Name CATCHA
Date Announced 09 Oct 2023
Category General Announcement for PLC
Reference Number GA1-29092023-00050