{
Catcha Digital Berhad

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}
001122334455554433221100
001122334455554433221100

Catcha Digital to acquire 60 percent stake in Framemotion for 37 million ringgit

Catcha Digital, through its subsidiary iMedia Asia, is set to acquire a 60% stake in Framemotion Studio for 37.32 million ringgit (approximately US$8.39 million). The acquisition involves purchasing 600,000 shares of the digital media advertising solutions provider.Framemotion is projected to achieve a profit after tax and minority interest of at least 6.8 million ringgit (around US$1.5 million) in the first year post-acquisition, with a similar target for the following year. This deal aims to leverage Catcha Digital’s expertise in digital advertising alongside Framemotion’s capabilities in virtual and augmented reality content.
Tech in Asia
United States Dollar Catcha Digital Berhad MYS
Business & Industry, Press Release
15:09 17.03.2025
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