Catcha Digital Berhad Announces High Growth, Record Profits in iMedia and Launches Rights Issue To Raise Up To RM41.04 million

Catcha Digital Berhad announced that its wholly-owned subsidiary, iMedia Asia Sdn Bhd and its subsidiaries, recorded record profit and excellent growth in 2022. Further, as a final step in its Regularisation Plan, Catcha Digital has launched an abridged prospectus in relation to a renounceable rights issue involving the issuance of up to 174,640,020 new ordinary shares in Catcha Digital (“Rights Share”) on the basis of one (1) Rights Share for every one (1) existing Catcha Digital share held by the entitled shareholders at an issue price for each Rights Share fixed at RM0.235 (“Rights Issue”), to raise up to RM41.04 million, with RM18.00 million already committed by its major shareholder, Catcha Group Pte Ltd. Upon completion of the Regularisation Plan, the Company will have its GN2 status lifted.

Despite volatile market conditions, iMedia recorded a Profit Before Tax (“PBT”) of RM10.28 million in FYE 2022, representing year-on-year growth of approximately 69%. This growth has continued in 2023, where in the first quarter ended 31 March 2023, the PBT grew by approximately 28% compared to the same period last year to reach RM3.89 million for the first quarter of 2023. iMedia reaches over 13.1 million Malaysians each month as of 31 May 2023 via its extensive portfolio of digital marketing platforms and services over 100 brands across multiple industries.

Patrick YKin Grove, Chairman of Catcha Digital

“I have worked with the team behind iMedia for over 20 years, and I am thrilled to witness the remarkable growth and achievements they have accomplished. The team’s expertise and dedication have solidified their position as an industry leader in the digital media landscape. The remarkable financial performance reflects our unwavering commitment to delivering sustainable growth and creating long-term value for our shareholders,” said Patrick YKin Grove, Chairman of Catcha Digital.

“The Rights Issue presents a compelling opportunity for our valued shareholders to actively participate in the growth of Catcha Digital. With an attractively priced offering, we believe this is an opportune moment to capitalize on the Company’s potential as we ride the fast-growing wave of digitalization.

We are at the beginning of Catcha Digital’s expansion journey and we are determined to accelerate our growth trajectory and actively pursue highly accretive investment opportunities that align with our strategic objectives.

Eric Tan, Group Chief Executive Officer of Catcha Digital

Our aim is to attract the best digital and software companies to collaborate with us, consolidating our position as the industry leader in Southeast Asia thus creating sustainable value for all stakeholders,” said Eric Tan, Group Chief Executive Officer of Catcha Digital.

For more detailed information and disclosures about the Rights Issue, please refer to

  1. Catcha Digital’s Abridged Prospectus on Bursa Malaysia Securities Berhad’s website (Link: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3365243)
  2. Catcha Digital’s Factsheet on Catcha Digital’s website (Link: https://catchadigital.com/wp-content/uploads/2023/06/20230628-Catcha-Digital-Berhad-Rights-Issue-Factsheet-vFF2.pdf)

MARKETING Magazine is not responsible for the content of external sites.

The APPIES is an annual event that presents a rare opportunity for creative, media, digital and marketing agencies or brands to present their best campaigns to the industry.

This is the only event where Live Presentations meets Live Judging.

Similar to TED Talks, The APPIES is the chance for great presenters with outstanding work to show it off to some of the industry’s most important industry leaders.

This year’s winners will receive Gold, Silver or Bronze trophies for 21 categories, and 6 special Best of Best categories (red trophies) that require no submissions!

Campaign entries must have run between June 2023 to May 2024

Submissions Deadline
30th June 2024

APPIES Festival – Judging & Presentations
11th – 12th July 2024 (Malaysia)

 

Download Event PDF
Submit Entries Here




Subscribe to our Telegram channel for the latest updates in the marketing and advertising scene