Catcha Digital raises RM30mil for expansion

TheStar Tue, Jul 25, 2023 12:00am - 9 months View Original


PETALING JAYA: Catcha Digital Bhd’s rights issues fell short of target with its acceptance, excess application and payment only amounting to 72.4% of the total rights shares available.

In a filing with Bursa Malaysia, the digital media solutions provider noted it had received a total valid acceptance and excess application for 126.4 million rights shares as compared to 174.6 million rights shares available for subscription.

By breakdown, the valid acceptance was recorded at 58.85% for 102.8 million rights shares while its total valid excess applications were recorded at 13.5% or 23.7 million rights.

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