Malaysia’s Rev Asia to acquire digital media firm iMedia for $2.4m

Malaysia’s Rev Asia to acquire digital media firm iMedia for $2.4m

Saloman Link, Kuala Lumpur, Malaysia. Photo: AMAR SYAZWAN ROSMAN/unsplash

Malaysia’s ACE Market-listed Rev Asia Bhd announced on Monday that it will acquire the digital media company iMedia Asia.

Rev Asia had, on August 28, entered into a share sale agreement with Catcha Investments Ltd and iCreative Asia Sdn Bhd, to acquire a 100% equity interest in iMedia for 10 million ringgit ($2.41 million), according to a filing to stock exchange Bursa Malaysia. Catcha Investments currently owns a 54% stake in iMedia, while iCreative owns the rest.

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