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Kuala Lumpur, Malaysia – Catcha Digital Berhad has announced that its wholly-owned subsidiary, iMedia Asia Sdn Bhd, has entered into a conditional share sale agreement to acquire a 100% equity interest in Maxoom Sdn Bhd, the company that owns and operates TechNave.

The total cash consideration for the acquisition is RM6.125 million, comprising a completion payment of RM1.8 million on the completion date and a post-completion payment of RM4.325 million due 12 months later. The acquisition, which will be funded through internally generated funds, includes a net asset guarantee of RM885,000 at the completion accounts date.

The deal marks Catcha Digital’s entry into the consumer technology media sector and is expected to strengthen its position in Malaysia’s digital media landscape. The company said the acquisition is expected to be immediately value-accretive and contribute positively to its earnings through operational synergies.

TechNave is a multilingual digital media platform that covers consumer technology news, reviews, and trends across English, Chinese, and Malay. The company has a social media reach of over two million monthly users on Facebook and Instagram, and more than 1.5 million monthly views across YouTube and TikTok. It also maintains partnerships with global technology brands such as Samsung, Oppo, Huawei, Honor, and Xiaomi.

Catcha Digital said the acquisition would create opportunities for cross-platform collaborations and strengthen group-wide advertising solutions by combining TechNave’s technology-focused audience with iMedia’s lifestyle portfolio.

“We are thrilled to welcome TechNave to the Catcha Digital family. This acquisition is a key strategic move into the high-growth consumer tech vertical, securing a market leader that reaches millions as a premier multilingual source. Combining TechNave’s strong credibility and deep relationships with global tech brands with our iMedia lifestyle network creates a powerful new offering for advertisers. We are excited to work with the team to accelerate their growth,” said Patrick Grove, chairman of Catcha Digital.

“Since founding TechNave, my co-founders and I have been dedicated to building Malaysia’s most trusted multilingual tech media platform. We are incredibly proud of the brand and the community that our team has established over the years. Joining Catcha Digital marks the perfect next chapter for the company. Their extensive network, digital expertise, and proven track record will provide the resources TechNave needs to scale to even greater heights, and we are confident they are the right partner to lead it into the future,” said Steven Boon, co-founder of TechNave.

Catcha Digital said the acquisition supports its broader strategy to become a leading digital group in ASEAN, targeting the region’s expanding digital economy, which Google, Temasek, and Bain & Company valued at approximately RM1 trillion in their 2024 SEA e-Conomy report.

The company has announced seven strategic acquisitions over the past year, each aimed at strengthening its position in the digital economy and contributing to future earnings, with a combined expected profit of around RM26.7 million over the next 12 months.

Business Today

Catcha Digital Berhad has completed its renounceable rights issue of new ordinary shares with free detachable warrants, where it received an overwhelming investor response with total applications of 160.64 million shares for the 90.12 million Rights Shares available, representing a subscription rate of 178.25%—an oversubscription of 78.25%.

Structured on the basis of one (1) Rights Share for every four (4) existing shares held at RM0.27 per share, together with two (2) free detachable warrants for every one (1) Rights Share subscribed, the issue will raise gross proceeds of RM24.33 million.

Catcha Digital Chairman Patrick Grove said the strong shareholder demand reflects deep confidence in the company’s long-term strategy.

“The 78.25% oversubscription is a clear endorsement of our vision and strategy from our shareholders. This successful capital raise strengthens our position to build the leading digital group in ASEAN and demonstrates strong alignment between our mission and shareholders’ commitment to long-term growth,” he said.

The 90,120,544 Rights Shares and 180,241,088 Warrants are expected to be listed and quoted on the ACE Market of Bursa Malaysia on or around 13 November 2025.

Catcha Digital said the proceeds from the Rights Issue will support ongoing expansion, strategic investments, and working capital as it continues to execute its vision of consolidating high-growth digital assets across Southeast Asia.

Weirdkaya

Catcha Digital Berhad (“Catcha Digital”) today announced that its wholly-owned subsidiary, Catcha Connect Sdn Bhd (“Catcha Connect”) has entered into a conditional share sale agreement to acquire a 60% equity interest in One International Exhibition Sdn Bhd (“One International”).

One International is an award-winning exhibition and trade show organiser in the Agricultural and Construction industries in Malaysia for a cash consideration of RM11.38 million, implying a weighted-average forward price-to-earnings multiple of 4.92 times.

The cash consideration is payable in 3 tranches across 24 months and is tied to the achievement of the expected profit after tax and minority interest (“Expected PATAMI”) over 24 months after completion of the sale and purchase of shares (“Completion Date”), broken down into expected PATAMI of RM2.75 million and RM3.16 million for the period of 12 months after Completion Date, and the period from the 13^th to 24^th month after Completion Date, respectively.

This transaction is expected to contribute positively to Catcha Digital’s earnings per share.

About One International

One International owns and organises Agri Malaysia, Malaysia’s largest B2B agriculture technology exhibition, serving as a key platform for agriculture manufacturers, international brands, growers, plantation owners, importers, exporters, traders, and distributors from across the ASEAN region.

The annual event highlights cutting-edge technologies in smart farming, crop protection, irrigation systems, agri-machinery, and post-harvest solutions, driving innovation, mechanisation, and sustainability across the agri-food value chain.

Agri Malaysia 2024, endorsed by the Ministry of Agriculture and Food Security (KPKM) and the Ministry of Investment, Trade and Industry (MITI), and officiated by Deputy Minister of Plantation & Commodities YB Datuk Chan Foong Hin, attracted over 400 exhibitors from 11 countries and welcomed more than 12,000 visitors from 35 nations, reinforcing its role as a key marketplace and knowledge-sharing hub for the region’s evolving agri-sector.

Strategic entry into the trade exhibition industry

As a 49% joint venture partner in MBAM OneBuild Sdn Bhd with the Master Builders Association Malaysia, One International also organises MBAM OneBuild, a premier construction and infrastructure exhibition.

MBAM OneBuild 2024, officiated by Minister of Works YB Dato’ Sri Alexander Nanta Linggi, attracted over 200 exhibitors from 11 countries and welcomed more than 7,000 trade buyers from over 21 nations.

Both Agri Malaysia 2024 and MBAM OneBuild 2024, were recognized with the Merit Award for Trade Exhibition Excellence at Malaysia Business Events Awards 2025, organised by Malaysian Association of Convention & Exhibition Organisers & Suppliers (“MACEOS”). 

This acquisition marks a strategic entry for Catcha Digital into the trade exhibition industry, providing immediate access to a resilient, high-margin sector anchored by established intellectual properties and proven operational capabilities.

In turn, One International stands to benefit from Catcha Digital’s network, digital expertise, and strategic guidance, as well as potential corporate development support in areas such as add-on acquisitions, capital raising, and strategic partnerships, to scale its operations and unlock new growth avenues.

Expected to drive long-term value

Together, the complementary strengths of both companies are expected to drive long-term value and sustainable expansion.

“Roger and his team have built an exceptional business with category-leading events that are essential to the agriculture and construction industries. We are impressed by their deep industry experience and consistent track record of growth.

This acquisition marks a strategic expansion for Catcha Digital into the growing trade exhibitions space, which focuses on connecting businesses with businesses (B2B), in addition to our current portfolio of digital media advertising solutions, which focuses on connecting businesses with end consumers (B2C).

We look forward to supporting the team as they scale their impact across Malaysia and beyond,” said Patrick Grove, Chairman of Catcha Digital.

“Partnering with Catcha Digital marks an exciting new chapter for us as we continue to expand our efforts to build and scale premier exhibitions to connect industry stakeholders and drive business growth in various sectors.

Their expertise in digital media and extensive network will be invaluable as we continue to enhance our events and deliver greater value to our exhibitors and attendees.

We look forward to leveraging this synergy to accelerate our growth and solidify our leadership in the market,” said Roger Lim, Managing Director of One International.

Roger is active in driving the growth of the business events industry through his role as a Committee Member (2024–2026) of MACEOS.

As a council member of Young Entrepreneur Committee of the Malaysia–China Chamber of Commerce, Roger also actively promotes China–Malaysia trade, investment and cooperation.

According to the Malaysia Convention & Exhibition Bureau (MyCEB), business events in Malaysia are projected to attract 5.9 million delegates by 2030, generating an estimated RM42.12 billion in economic impact and creating over 25,000 jobs, underscoring the industry’s growing importance as a catalyst for national development.

7 acquisitions in the last 9 months

Including the proposed acquisition of One International, Catcha Digital has announced 7 strategic acquisitions in the last nine months, each positioned to strengthen its foothold in the digital economy and contribute positively to future earnings.

The aggregate expected profit to be achieved by each target company is approximately RM23.9 million, based on their respective 12-month post-completion periods or FYE 31 December 2025 where applicable.

Malaysia’s digital media firm Catcha Digital is acquiring 92.5 percent stake in banking software firm Theta Service Partner for MYR 35 million ($7.9 million).

Catcha Digital said in a statement on Monday that its wholly-owned subsidiary Catcha Theta has entered into a conditional share sale agreement for the acquisition.

This strategic acquisition marks Catcha Digital’s expansion into the banking software solutions sector, specifically in loan origination software.

The acquisition is split into four tranches of MYR 5.9 million ($1.33 million), MYR 6.6 million ($1.49 million), MYR 11.2 million ($2.53 million) and MYR 11.3 million ($2.55 million) respectively.

The second, third and fourth tranche payments are tied to expected profit after tax of not less than MYR 3.5 million ($789,000), MYR 4 million ($902,000) and MYR 5 million ($1.12 million) for the financial year ended/ending 31 December (FYE) 2024, FYE 2025 and FYE 2026, respectively.

In FYE 2023, Theta and its subsidiaries recorded a profit after tax (PAT) of MYR 3.4 million ($768,000).

This transaction is expected to contribute positively to Catcha Digital’s earnings.

Theta is a provider of loan origination software for financial institutions through its flagship product ORIGINS – a lending solution that streamlines operations across retail, small and medium-sized enterprises (SME), and commercial segments.

The software offers features including automated credit assessment, multi-product support, workflow automation, and regulatory compliance capabilities, enabling financial institutions to process and manage their lending operations while maintaining compliance with complex regulatory requirements.

“This acquisition represents a strategic entry into the banking software sector and is well-aligned with our vision of building a comprehensive digital technology group,

“What particularly impressed us about Theta Group was their deep domain expertise in loan origination systems, evidenced by their long-standing relationships with major financial institutions across multiple markets,” said Patrick Grove, Chairman of Catcha Digital.

According to him, Theta’s proven track record in delivering mission-critical software solutions to its long term customers, combined with a proven management team with deep domain expertise, presents compelling sustainable growth opportunities.

It is noted that Theta has gained significant traction among major financial institutions globally, maintaining long-term relationships spanning over two decades with some of Southeast Asia’s largest banking groups for their operations across the region, including one of the largest banks in Singapore, one of the largest banks in Malaysia, and a prominent Pan-Asian bank headquartered in Taiwan.

Over the past two decades, the firm has established itself as a partner in the banking technology sector, helping bank clients reduce end to end lending process times significantly while processing millions of loan applications across multiple countries including Singapore, Malaysia, the Philippines, Indonesia, Taiwan, India, Hong Kong, Canada, United States and the United Kingdom.

With the increasing focus on digital transformation in the banking sector, increased compliance requirements in the banking sectors imposed by regulators, and the growing demand for efficient loan processing systems, Catcha Digital opined that Theta is well-positioned to capture the expanding market opportunity in the region.

“Joining forces with Catcha Digital strengthens our ability to capture the significant opportunities we see in the banking software sector,” said Leong Kwok Hung, Managing Director of Theta.

He noted that over the firm’s past 25-year journey, it has witnessed firsthand how critical robust loan origination systems have become for financial institutions’ operations, alongside the tailwind presented by tighter regulation amongst the banking industry globally.

“The market is now demanding more sophisticated solutions, particularly around artificial intelligence and cloud capabilities,

“Catcha Digital’s strategic support and regional network will be instrumental as we accelerate our next phase of growth,” he added.

The proposed acquisition aligns with Catcha Digital’s vision to diversify its business to include information technology solutions business and build the leading digital group in ASEAN.

It said the group continues to seek strategic investments and proposed acquisitions that complement its existing segments while expanding its presence in the digital economy beyond digital media.

Malaysia-based digital media firm Catcha Digital Berhad has proposed to acquire 60 percent stake in digital media advertising solutions provider Framemotion Studio Sdn Bhd for MYR 37.32 million ($8.4 million).

Catcha Digital said in a statement on Friday that its wholly-owned subsidiary iMedia Asia Sdn Bhd (iMedia) has entered into a conditional share sale agreement to acquire a majority shareholding of 60 percent in Framemotion Studio.

FrameMotion is expected to deliver a profit after tax and minority interest (PATAMI) of no less than MYR 6.8 million ($1.53 million) for the 12 month period after date of completion of the sale and purchase of shares, and MYR 6.8 million ($1.53 million) for the period that is 13th to 24th months after the completion, respectively.

This strategic acquisition combines Catcha Digital’s digital solutions with FrameMotion’s production capabilities in immersive digital experiences and animation.

This transaction is expected to contribute positively to Catcha Digital’s earnings in the future.

FrameMotion, an integrated consultancy, specializing in creating, designing, and delivering immersive digital and animated experiences across Southeast Asia and other countries.

It has consistently delivered groundbreaking projects for a diverse roster of high-profile clients, such as Petronas, Gamuda, Sephora, L’Oréal, Maxis, OCBC and Samsung.

In 2023, FrameMotion also served as the co-organizer for the Van Gogh Alive exhibition, and also launched its own artificial intelligence (AI) driven multi-sensory experience, The Greatest Artist exhibition, which collectively attracted over 300,000 visitors.

FrameMotion has been consistently profitable in the last ten years and recorded a profit after tax of MYR 7 million ($1.58 million) in the financial year ended December 31, 2023.

“We are very excited about this acquisition and believe that integrating FrameMotion’s cutting-edge expertise with our wide network will enable us to offer highly innovative and integrated solutions to clients across the region,

“We can’t wait to push the boundaries of digital storytelling with the FrameMotion team,” said Patrick Grove, Chairman of Catcha Digital.

Jeand Pua Yin Chye, Co-founder and Chief Executive Officer of FrameMotion, said this deal with Catcha Digital is a game-changer for the company.

“Their acquisition not only validates our creative vision but also accelerates our ability to deliver world-class digital experiences,

“We look forward to integrating with Catcha Digital’s broad suite of digital solutions to elevate our offerings to clients of both parties,” he added.

According to the statement, the proposed acquisition also aligns with Catcha Digital’s vision to build the leading digital group in ASEAN, targeting the region’s fast-growing digital economy, valued at approximately MYR 1 trillion ($225 billion) according to Google, Temasek, and Bain & Company’s 2024 SEA e-Conomy report.

The group said it continues to seek strategic investments and proposed acquisitions that complement its existing segments while expanding its presence in the digital economy.

Catcha Digital is an investment holding company based in Malaysia, operates primarily in the digital media, advertising, and software sectors.

IMedia Asia Sdn Bhd is a digital media company that offers integrated advertising solutions to major brands across various industries in Malaysia.

Its digital media assets include OhMedia, Nara Media, Weirdkaya, Goody25, The Reporter, and Ittify.

Nexible Solutions Sdn Bhd, a subsidiary under the software sector, provides business-to-business software products to its customers.

Its flagship product, OutPerform, is an artificial intelligence-powered sales automation software that enables clients to manage new leads and customer relationships.

Catcha Digital Berhad (“Catcha Digital” or the “Company”) announces its financial results for the fourth quarter ended 31 Dec 2024 (“Q4 FY2024”).

For Q4 FY2024, the Company reported a record Profit After Tax and Minority Interest (“PATAMI”)  of RM1.80 million. This marks a significant increase compared to Q4 FY2023, where the Company reported PATAMI of RM0.10 million, achieving year-over-year growth of 1,669%. This brings the total PATAMI of the Company in FY2024 to RM5.20 million, marking a 255% increase from RM1.46 million in FY2023. 

“We are proud of the team for achieving such impressive profit growth amidst in the last quarter. This is a testament to the successful launch of innovative solutions in the previous quarter, such as augmented reality advertising and offline-to-online campaigns, allowing our advertisers to connect more effectively with their customers. We remained focused on achieving sustainable growth and earnings for our shareholders,” says Eric Tan, Chief Executive Officer of Catcha Digital.

 “We are pleased to have achieved this record profit quarter and for the year in our sixth quarter after exiting GN2 status in July 2023 and we strive to maintain this momentum. As we continue our mission to build a leading profitable digital group in Southeast Asia, we will pursue strategic partnerships, investments and acquisitions that are accretive to our earnings per share. The prospects for the business remain favourable and we look forward to executing on all the great opportunities which we will share with the market soon” says Patrick Grove, Chairman of Catcha Digital.

In Q4 2024, the Company announced 3 strategic acquisitions which are expected to contribute positively to Catcha Digital’s earnings in the future.

On 20 Dec 2024, Catcha Digital announced a 60% acquisition of Drive 2 Digital Sdn Bhd (“D2D”) for RM16.2 million. The payment, to be made in three tranches over 24 months, is contingent on D2D achieving a PAT of RM3.5 million in the first 12 months post-completion and RM4.2 million in the subsequent 12 months. This strategic acquisition marks Catcha Digital’s expansion into the automotive digital media sector, specifically in Chinese and Malay language automotive content. 

On 19 Dec 2024, Catcha Digital announced a 70% acquisition of Tastefully Malaysia Sdn Bhd for RM7.6 million in cash. The payment, tied to the profit after tax, will be made in 4 tranches over 36 months: RM0.5 million for 2024, RM1.1 million for the first 12 months after completion, RM1.4 million for the next 12 months, and RM1.6 million for the final 12 months. This acquisition supports Catcha Digital’s goal of expanding its integrated digital media business for omnichannel advertising solutions. 

On 28 Nov 2024, Catcha Digital announced a 51% acquisition of Nexible Solutions Sdn Bhd (“Nexible”) for RM11.3 million, which was completed on 22 Jan 2025. Nexible provides business-to-business software products to its customers. Its flagship product, OutPerform, is an artificial intelligence-powered sales automation software that enables clients to manage new leads and customer relationships.

The cash consideration will be paid in 4 tranches and is tied to the achievement of the profit after-tax guarantee (“PAT Guarantee”) over the period of 36 months, broken down into PAT Guarantee of RM0.7 million, RM1.2 million, RM2.2 million and RM3.3 million for the 12-month period ended 31 Dec 2024, 31 December 2025, 31 December 2026 and 31 December 2027 respectively.

This strategic acquisition marks Catcha Digital’s expansion into the IT sector, specifically in software-as-a-service (SaaS) and artificial intelligence (AI) solutions.

https://theedgemalaysia.com/node/716578

KUALA LUMPUR (June 24): Digital media company Catcha Digital Bhd (KL:CATCHA) said on Monday that it will co-found KS Lagi, a new digital media business scheduled to launch in the second half of this year.

The company has inked a joint venture agreement with the founders of Keluar Sekejap Sdn Bhd, Khairy Jamaluddin (KJ) and Shahril Hamdan. KJ is the former health minister while Shahril is the former information chief of United Malays National Organisation (Umno).

In a statement, Catcha Digital said the company intends to assume the commercial and business responsibilities for the existing Keluar Sekejap’s business and KS Lagi. Additionally, KS Lagi will create and distribute new media content across Catcha Digital’s existing network that reaches about 20 million Malaysians every month.

Keluar Sekejap claims to be a fast-growing media brand centred around thought-provoking conversations and has achieved tremendous success in the digital media space since its launch in 2023. It has amassed over 1.4 million subscribers and followers across its social media platforms, and over 39 million views on YouTube.

“We are thrilled to partner with KJ and Shahril to co-found KS Lagi,” said Catcha Digital chairman Patrick Grove.

“Across Catcha Digital and Keluar Sekejap’s platform we are already reaching the vast majority of Malaysians every month, and we see our audience yearning for a new approach to content and we will be a key part of this.

This collaboration aligns with our mission to build a leading profitable digital group in Southeast Asia, as we continue to pursue strategic partnerships, investments, and acquisitions that are accretive to our earnings per share,” Grove added.

In March last year, Catcha Digital completed its acquisition of a 100% stake in iMedia Sdn Bhd, which specialises in providing digital media advertising solutions to clients in Malaysia.

About four months later, Bursa Malaysia Securities removed the company from its cash company status under Rule 8.03 and Guidance Note 2 (GN2) of the ACE Market Listing Requirements.

On the financial front, Catcha Digital recorded its fourth consecutive profitable quarter. Prior to this, the company has been in straight net losses since 1QFY2019.

The company’s net profit more than doubled to RM1.47 million for the first quarter ended March 31, 2024 (1QFY2024), as compared to RM399,000 in the previous year’s corresponding quarter.

Shares of Catcha Digital declined 1.5 sen or 3.4% to close at 43 sen on Monday’s closing bell, giving it a market capitalisation of RM149.71 million.

Discover the inspiring journey of Eric Tan, the Group CEO of Catcha Digital Berhad who transformed a substantial amount of capital into a thriving business empire! In this video, we delve into the remarkable story behind his success, exploring the challenges he faced, the strategies he employed, and the lessons he learned along the way.

https://www.bfm.my/podcast/morning-run/the-breakfast-grille/catcha-digital-symphony-marketing-billboard-imedia-advertising-gn2

Digital media company Catcha Digital Bhd has been in rapid growth through various acquisitions. We ask CEO, Eric Tan how these will contribute positively to the group’s earnings and overall business in the future as well as their recently completed regularisation plan from exiting GN2 status.

Produced by: Moh Heng Ying

Presented by: Philip See