Bursa Malaysia has publicly reprimanded TA Securities Holdings Bhd as the sponsor and principal adviser for Catcha Digital Bhd (formerly known as REV Asia Bhd) for breaches in the Bursa Malaysia Securities ACE Market Listing Requirements (ACE Market LR).
KUALA LUMPUR (Sept 26): Here is a brief recap of some corporate announcements that made news on Monday (Sept 26) involving CIMB Group Holdings Bhd, Petroliam Nasional Bhd (Petronas), Genting Malaysia Bhd, Astro Malaysia Holdings Bhd, Pertama Digital Bhd, Sarawak Cable Bhd (SCable), Perak Transit Bhd, Favelle Favco Bhd, Computer Forms (Malaysia) Bhd, Microlink Solutions Bhd, CTOS Digital Bhd, Catcha Digital Bhd, Apex Equity Holdings Bhd, Sapura Energy Bhd, Paramount Corp Bhd and Omesti Bhd.
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.