Monday, 20 February 2012

Catcha Media climbs on stake buy option

Catcha Media Bhd, a publisher and online-media business operator, climbed 5.1 per cent to 62 sen in Kuala Lumpur trading at 9.45am, bound for its steepest increase since Jan. 17.

The company may buy 50 per cent of Auto Discounts Sdn Bhd, an online classifieds company, for RM5 million (US$1.7 million), according to a stock exchange filing.

Catcha Media has an option to buy an additional 25 per cent, it said. -- Bloomberg



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