CATCHA

0.290

-0.01 (-3.3%)

PROPOSED ACQUISITION BY IMEDIA ASIA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CATCHA DIGITAL BERHAD, OF THE REMAINING 49% EQUITY INTEREST IN ITTIFY SDN BHD FOR A CASH CONSIDERATION OF RM3,430,000 ("PURCHASE CONSIDERATION") ("PROPOSED ACQUISITION")

CATCHA DIGITAL BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-11102023-00001
Subject PROPOSED ACQUISITION BY IMEDIA ASIA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF CATCHA DIGITAL BERHAD, OF THE REMAINING 49% EQUITY INTEREST IN ITTIFY SDN BHD FOR A CASH CONSIDERATION OF RM3,430,000 ("PURCHASE CONSIDERATION") ("PROPOSED ACQUISITION")
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 THE REMAINING 49% EQUITY INTEREST IN ITTIFY SDN BHD ("ITTIFY") FOR A CASH CONSIDERATION OF RM3,430,000 ("PROPOSED ACQUISITION")
Query Letter Contents

We refer to your Company’s announcement dated 9 October 2023, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) The effect of the Proposed Acquisition on Catcha Digital Berhad’s (“Catcha”) net assets per share. 
2) The vendors’ direct and indirect shareholdings in Catcha as at the latest practicable date, and whether they will become substantial shareholders of Catcha upon completion of their undertaking to purchase Catcha shares with the first tranche payment of the Purchase Consideration.
 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
Listing,

Regulation

Cc : Market Surveillance Dept. , Securities Commission (via fax)

Reference is made to the Company’s announcement dated 9 October 2023 in relation to the Proposed Acquisition and Bursa Securities’ query letter dated 11 October 2023 (Ref No. IQL-11102023-00001).

 

The Board wishes to announce the following additional information:

 

1. The effect of the Proposed Acquisition on Catcha Digital’s net assets per share.

 

The Proposed Acquisition is not expected to have any material effect on the net assets per Catcha Digital Share as at the end of FYE 31 December 2023.

 

 

2. The Vendors’ direct and indirect shareholdings in Catcha Digital as at the LPD, and whether they will become substantial shareholders of Catcha Digital upon completion of their undertaking to purchase Catcha Digital’s shares with the first tranche payment of the Purchase Consideration.

 

As at the LPD, the Vendors do not have any direct and/or indirect equity interest in Catcha Digital.

 

Upon the completion of the undertaking to purchase Catcha Digital Shares with the first tranche payment of the Purchase Consideration, the Vendors will not emerge as substantial shareholders of Catcha Digital.

 

 

This announcement is dated 12 October 2023.





Announcement Info

Company Name CATCHA DIGITAL BERHAD
Stock Name CATCHA
Date Announced 12 Oct 2023
Category General Announcement for PLC
Reference Number GA1-12102023-00009