• Source: Catcha Digital

Catcha Digital Berhad (formerly known as REV Asia Holdings) (MYX: 0173) was formed on 8 October 2013 following the completion of the merger between certain Catcha Media Berhad (Catcha Media) subsidiaries and Says Sdn Bhd. The merger deal, valued at MYR60 million was first announced in May 2013 and completed in July. The new company that resulted was named Rev Asia Holdings Sdn Bhd or Rev Asia for short. On May 8, 2017, Rev Asia Sdn Bhd's subsidiary, Rev Asia Holdings, was acquired by Media Prima for MYR105 million.




History


On May 8, 2017, Media Prima Bhd, Malaysia's largest integrated media group, announced the landmark acquisition of 100 per cent equity interest in REV Asia Holdings Sdn Bhd, a subsidiary of Rev Asia Bhd and one of Southeast Asia's leading digital media groups for RM105 million.
On September 1, 2020, Rev Asia Bhd announced through Bursa that it would be acquiring iMedia Asia Sdn Bhd — a digital media company that focuses on content and technology, and social influencer marketing, subject to approval. iMedia owns and represents some digital properties which have a combined reach of over 8 million Malaysians monthly. iMedia clients include some of the largest tech companies in the region such as Shopee (SEA Group), iQiyi (Baidu), Foodpanda, Huawei and top global brands such as McDonald's, L'Oréal, Fonterra and Mercedes.
In March 2023, Catcha Digital Bhd completed the acquisition of the entire equity interest of iMedia Asia Sdn Bhd for RM43.92 million in cash and shares. The acquisition enhances Catcha Digital's portfolio, enabling it to reach 12.7 million Malaysians and serve over 100 brands across various industries. Following this, Catcha Digital expects its Guidance Note 2 (GN2) status to be lifted after completing its regularisation plan, which includes a proposed rights issue potentially raising up to RM41.04 million, with a minimum subscription of RM18 million from its major shareholder, Catcha Group. Chairman Patrick YKin Grove and CEO Eric Tan expressed confidence in the acquisition's potential to drive growth and position Catcha Digital as a leader in the digital media arena in Malaysia and Southeast Asia.
In July 2023, Catcha Digital Berhad announced the upliftment of its GN2 status and the completion of its Regularisation Plan, marking a significant milestone for the company. Chairman Patrick YKin Grove and CEO Eric Tan expressed excitement about focusing on growth and scaling the company. The company raised RM29.7 million from a Rights Issue exercise and its subsidiary iMedia posted a record profit before tax of RM10.28 million in FYE 2022, showing a 69% year-on-year growth.
As of 2024, Digital assets under Catcha Digital Berhad acquired by iMedia include Malay, English and Chinese-language portals such as OhMedia, BeautifulNara, Goody25, Headline Media, Ittify, Mortify, and more.




References






External links


Official website

Kata Kunci Pencarian:

• Catcha Digital
• Catcha Group
• Patrick Grove
• Media Prima
• Vishen Lakhiani
• Says Sdn Bhd
• Iflix
• Imagine Software
• Jonathan Ross
• The Apprentice: ONE Championship Edition