Catcha Digital Berhad announced that its subsidiary has entered into a conditional share sale agreement to acquire a 100% equity interest in Maxoom Sdn Bhd, which owns the technology website TechNave.
The site was bought for RM6,125,000, consisting of a completion Sum of RM1,800,000 due on the Completion Date and a Post-Completion Sum of RM4,325,000 due 12 months after the Completion Date, to be funded via internally generated funds. The acquisition includes a Net Asset Guarantee of RM885,000 at the Completion Accounts Date. This strategic acquisition marks Catcha Digital’s entry into the consumer technology vertical, solidifying its market-leading position in the digital media landscape.
This transaction is expected to be immediately value-accretive and contribute positively to Catcha Digital’s earnings, unlocking significant annual cost synergies through operational consolidation.
