Bursa Alert
Global Market
NewsCatcha unit completes IPO on ASX (0173)
Page 1 of 1
Catcha unit completes IPO on ASX (0173)
by hlk Fri 14 Sep 2012, 08:55
Catcha Media Bhd's 37.66 per cent-owned unit, iCar Asia Ltd, completed
its initial public offering (IPO) on the Australian Securities Exchange
on Sept 11.
iCar owns leading automotive sales and content websites in Malaysia, Thailand and Indonesia.
"On
its first day of trading, iCar closed up 15 per cent at A$0.23 per
share, making our 52.5 million shares worth A$12.075 million or
approximately RM39 million," Catcha Media said in a statement today.
Chief
Executive Officer Patrick Grove said the monumental listing of iCar was
a reminder of the immense value in the online business.
"We will
continue to invest in new online opportunities and bring together the
best ideas with the best people, and as shown by the success of the
IPO, the global investment community is hungry for Asian internet
investment opportunities," he added.
-- Bernama
its initial public offering (IPO) on the Australian Securities Exchange
on Sept 11.
iCar owns leading automotive sales and content websites in Malaysia, Thailand and Indonesia.
"On
its first day of trading, iCar closed up 15 per cent at A$0.23 per
share, making our 52.5 million shares worth A$12.075 million or
approximately RM39 million," Catcha Media said in a statement today.
Chief
Executive Officer Patrick Grove said the monumental listing of iCar was
a reminder of the immense value in the online business.
"We will
continue to invest in new online opportunities and bring together the
best ideas with the best people, and as shown by the success of the
IPO, the global investment community is hungry for Asian internet
investment opportunities," he added.
-- Bernama
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Catcha Media to take 75pc stake in iCar (0173)
» FGV completes divestment of Canadian unit
» Hibiscus’ unit completes acquisition of two Norwegian licenses
» DRB-HICOM completes revamp
» SapuraKencana completes acquisition
» FGV completes divestment of Canadian unit
» Hibiscus’ unit completes acquisition of two Norwegian licenses
» DRB-HICOM completes revamp
» SapuraKencana completes acquisition
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|