Catcha Digital, having successfully raised RM29.7 million through a rights issue exercise to fuel business expansion, has submitted an application to Bursa Securities for the lifting of its GN2 status.
The company told the stock exchange that the capital infusion marks the final step in the company’s regularisation plan, bringing the long-awaited upliftment of GN2 status within reach.
“We extend our heartfelt gratitude to our shareholders for their unwavering confidence and support throughout the execution of the regularisation plan. With the plan now behind us and the imminent lifting of GN2 status, we can now focus on propelling the company to new heights,” said its chairman Patrick YKin Grove.
Catcha Digital’s CEO, Eric Tan, said that the successful fundraising effort has put the company in a favourable position for rapid growth.
He noted the company’s goal of becoming a prominent digital group in Southeast Asia and aims to attract top digital and software companies to collaborate with them.
The objective, he said, is to solidify their position as the industry leader in the region.
On 6 July, Catcha Digital launched a new business unit called “i-Gov”. It is focused on developing technology solutions and software for the Malaysian government and the public sector.
On 28 June, Catcha Digital announced that its wholly-owned subsidiary, iMedia, hit a record profit before tax of RM10.28 million in FYE 2022, representing approximately 69% year-on-year growth.