Ittify Sdn Bhd News Today

KUALA LUMPUR: Catcha Digital Bhd's wholly-owned subsidiary iMedia Asia Sdn Bhd will be making equity acquisitions in two companies that are expected to improve the profitability of the group.

Bursa Securities has rejected Catcha Digital Bhd’s (formerly known as Rev Asia Bhd) proposed regularisation plan, as the regulator said the GN2 status company’s sponsor has not demonstrated the ability of the plan to comply with the ACE Market Listing Requirements. The company and sponsor had not satisfactorily addressed Bursa Securities’ concerns on the suitability of the iMedia Group to regularise the financial condition of the company, Catcha Digital said in a filing.