Interesting company. Catcha media. Relevant sources are noted.
The Catcha Media founder also told StarBizWeek several private equity funds had approached him about possibly buying out the company. However, the long-time entrepreneur said he preferred to keep the firm in public hands.
Though he did not name the parties, Grove said two funds, one local and the other a US-based firm regionally headquartered in Singapore, had expressed interest in taking Catcha Media, which debuted on the ACE Market in 2011 at 75 sen a share, off the market.
Grove was responding to a research report by CIMB Research issued yesterday that suggested Catcha Media could be privatised by private equity funds.
“We gather from a recent visit that management may consider this option if Catcha Media's share price remains depressed. In our view, any buyout price is likely to be above the 75 sen initial public offering (IPO) price, as this would alleviate the pain of long-suffering shareholders.
http://biz.thestar.com.my/news/story.asp?file=/2013/5/18/business/13128850&sec=business
'Catcha Media severely undervalued'
http://www.btimes.com.my/Current_News/BTIMES/articles/acha-2234/Article/
Bloomberg
About
Catcha Media Berhad (Catcha Media) is listed on the Malaysian bourse ACE market, is one of South East Asia’s largest and most dynamic media groups. Catcha Media’s businesses span online media, publishing and e-commerce with all of them contributing to a combined reach of approximately 10 million people per month.
Catcha Media’s digital division, Catcha Digital, exclusively operates, develops content and delivers advertising solutions across Microsoft’s entire Malaysian portfolio of online products. This portfolio includes the MSN Malaysia portal (msn.com.my), Windows Live Messenger (MY) and Hotmail (MY). It also exclusively operates inventory for Malaysia’s largest technology forum, Lowyat.net, and for Malaysia’s No.1 Car Site, Carlist.my.
Catcha Media’s publishing division, Catcha Publishing, has 15 titles in 17 editions published across three countries. Its portfolio extends to a comprehensive demographic spread from general interests through to high net worth readership with publication titles including JUICE, Hanger, Stuff, Clive, Fairways, Mint, Octane, Prestige, Prestige Lifestyle, IDEAS, HomePride, EVO, Supercars, EVO Performance Heroes and Kitchen+Bathroom Magazine.
Catcha Media is also involved in e-commerce via Hauteavenue.com. The e-commerce business operates exclusive members-only luxury fashion sales portals in Malaysia and Singapore.
From: Catcha Media website
No comments:
Post a Comment