Will iflix back door listing through REV ?
Rev
Asia Bhd signed a memorandum of understanding with its largest
shareholder Catcha Group Pte Ltd to look into acquiring a majority stake
in a foreign group.
The
MoU is in respect of the “proposed acquisition of a majority interest
in a foreign-owned group of companies with foreign based operations,”
Rev Asia said in a filling with Bursa Malaysia.
It
is part of a plan to regularise Rev Asia’s Guidance Note 2 (GN2)
condition so it could maintain its listing status, the group added.
ABOUT CATCHA GROUP
Southeast Asia's Leading Internet Group
Catcha
Group is Southeast Asia’s leading internet group. We build and invest
in disruptive internet companies across emerging markets globally, where
we deploy capital and resources towards the creation of
transformational value propositions solving fundamental societal
problems. Our historical focus has been in online classifieds, new media
and OTT where we have successfully taken 5 companies from startup to
IPO.
The Group was established in 2004 and is headquartered in Kuala Lumpur, Malaysia.
iflix now valued at USD800 Million. Catcha Group owns 49.7% iflix.
Both Rev Asia and Catcha Group by Patrick Grove.
Market have continue to speculate that iflix will inject into Rev Asia through back door listing since early year 2018.Rev Asia share price outperform market since last week and stand at 5 months high. " No Smoke without fire, everything happened for a reason "
http://klse.i3investor.com/blogs/Jackytan/170738.jsp
