Bursa rejects Catcha Digital's regularisation plan amid non-compliance with listing requirements
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.
Source: theedgemarkets.com