KUALA LUMPUR, 14 August 2025: Catcha Digital Berhad ("Catcha Digital") today announced that its wholly-owned subsidiary, Catcha Connect Sdn Bhd (“Catcha Connect”) has entered into a conditional share sale agreement to acquire a 60% equity interest in One International Exhibition Sdn Bhd ("One International"), an award-winning exhibition and trade show organiser in the Agricultural and Construction industries in Malaysia for a cash consideration of RM11.38 million, implying a weighted-average forward price-to-earnings multiple of 4.92 times. The cash consideration is payable in 3 tranches across 24 months and is tied to the achievement of the expected profit after tax and minority interest ("Expected PATAMI") over the period of 24 months after completion of the sale and purchase of shares (“Completion Date”), broken down into expected PATAMI of RM2.75 million and RM3.16 million for the period of 12 months after Completion Date, and the period from the 13th to 24th month after Completion Date, respectively. This transaction is expected to contribute positively to Catcha Digital's earnings per share.
One International owns and organises Agri Malaysia, Malaysia’s largest B2B agriculture technology exhibition, serving as a key platform for agriculture manufacturers, international brands, growers, plantation owners, importers, exporters, traders, and distributors from across the ASEAN region. The annual event highlights cutting-edge technologies in smart farming, crop protection, irrigation systems, agri-machinery, and post-harvest solutions, driving innovation, mechanisation, and sustainability across the agri-food value chain. Agri Malaysia 2024, endorsed by the Ministry of Agriculture and Food Security (KPKM) and the Ministry of Investment, Trade and Industry (MITI), and officiated by Deputy Minister of Plantation & Commodities YB Datuk Chan Foong Hin, attracted over 400 exhibitors from 11 countries and welcomed more than 12,000 visitors from 35 nations, reinforcing its role as a key marketplace and knowledge-sharing hub for the region’s evolving agri-sector.
As a 49% joint venture partner in MBAM OneBuild Sdn Bhd with the Master Builders Association Malaysia, One International also organises MBAM OneBuild, a premier construction and infrastructure exhibition. MBAM OneBuild 2024, officiated by Minister of Works YB Dato' Sri Alexander Nanta Linggi, attracted over 200 exhibitors from 11 countries and welcomed more than 7,000 trade buyers from over 21 nations. Both Agri Malaysia 2024 and MBAM OneBuild 2024, were recognized with the Merit Award for Trade Exhibition Excellence at Malaysia Business Events Awards 2025, organised by Malaysian Association of Convention & Exhibition Organisers & Suppliers (“MACEOS”).
This acquisition marks a strategic entry for Catcha Digital into the trade exhibition industry, providing immediate access to a resilient, high-margin sector anchored by established intellectual properties and proven operational capabilities. In turn, One International stands to benefit from Catcha Digital’s network, digital expertise, and strategic guidance, as well as potential corporate development support in areas such as add-on acquisitions, capital raising, and strategic partnerships, to scale its operations and unlock new growth avenues. Together, the complementary strengths of both companies are expected to drive long-term value and sustainable expansion.
"Roger and his team have built an exceptional business with category-leading events that are essential to the agriculture and construction industries. We are impressed by their deep industry experience and consistent track record of growth. This acquisition marks a strategic expansion for Catcha Digital into the growing trade exhibitions space, which focuses on connecting businesses with businesses (B2B), in addition to our current portfolio of digital media advertising solutions, which focuses on connecting businesses with end consumers (B2C). We look forward to supporting the team as they scale their impact across Malaysia and beyond," said Patrick Grove, Chairman of Catcha Digital.
"Partnering with Catcha Digital marks an exciting new chapter for us as we continue to expand our efforts to build and scale premier exhibitions to connect industry stakeholders and drive business growth in various sectors. Their expertise in digital media and extensive network will be invaluable as we continue to enhance our events and deliver greater value to our exhibitors and attendees. We look forward to leveraging this synergy to accelerate our growth and solidify our leadership in the market," said Roger Lim, Managing Director of One International.
Roger is active in driving the growth of the business events industry through his role as a Committee Member (2024–2026) of MACEOS. As a council member of Young Entrepreneur Committee of the Malaysia–China Chamber of Commerce, Roger also actively promotes China–Malaysia trade, investment and cooperation. According to the Malaysia Convention & Exhibition Bureau (MyCEB), business events in Malaysia are projected to attract 5.9 million delegates by 2030, generating an estimated RM42.12 billion in economic impact and creating over 25,000 jobs, underscoring the industry’s growing importance as a catalyst for national development.
Including the proposed acquisition of One International, Catcha Digital has announced 7 strategic acquisitions in the last nine months, each positioned to strengthen its foothold in the digital economy and contribute positively to future earnings. The aggregate expected profit to be achieved by each target company is approximately RM23.9 million, based on their respective 12-month post-completion periods or FYE 31 December 2025 where applicable.
On 24 March 2025, Catcha Digital announced an acquisition of 92.5% interest in Theta Service Partner Sdn Bhd (“Theta”) for RM35.0 million. The payment, to be made in four tranches, is contingent on Theta achieving PAT of RM3.5 million, RM4.0 million, and RM5.0 million for the financial years ending 31 December 2024, 31 December 2025, and 31 December 2026, respectively. The acquisition of Theta has not been completed as it is pending the fulfilment of the conditions precedent under the conditional share sale agreement.
On 17 March 2025, Catcha Digital announced an acquisition of 51% interest in DS Services Sdn Bhd (“Digital Symphony”) for RM22.95 million. The payment, to be made in three tranches over 24 months, is contingent on Digital Symphony achieving a PAT of RM4.5 million in the first 12 months post-completion and RM4.2 million in the subsequent 12 months. The acquisition of Digital Symphony has not been completed as it is pending the fulfilment of the conditions precedent under the conditional share sale agreement.
On 14 March 2025, Catcha Digital announced an acquisition of 60% interest in Framemotion Studio Sdn Bhd (“Framemotion”) for RM37.32 million. The payment, to be made in three tranches over 24 months, is contingent on Framemotion achieving a profit after tax and minority interest of RM6.8 million in the first 12 months post-completion and RM6.8 million in the subsequent 12 months. The acquisition of Framemotion has not been completed as it is pending the fulfilment of the conditions precedent under the conditional share sale agreement.
On 20 December 2024, Catcha Digital announced a 60% acquisition of Drive 2 Digital Sdn Bhd ("D2D") for RM16.2 million, which was completed on 7 May 2025. The payment, to be made in three tranches over 24 months, is contingent on D2D achieving a PAT of RM3.5 million in the first 12 months post-completion and RM4.2 million in the subsequent 12 months.
On 19 December 2024, Catcha Digital announced a 70% acquisition of Tastefully Malaysia Sdn Bhd (“Tastefully”) for RM7.6 million, which was completed on 18 June 2025. The payment, to be made in four tranches over 36 months, is contingent on Tastefully achieving a PAT of RM0.5 million for the FYE 2024, RM1.1 million for the first 12 months after completion, RM1.4 million for the subsequent 12 months, and RM1.6 million for the final 12 months.
On 28 November 2024, Catcha Digital announced a 51% acquisition of Nexible Solutions Sdn Bhd (“Nexible”) for RM11.3 million, which was completed on 22 January 2025. The purchase considerations are to be paid in four tranches and is tied to the achievement of the profit after-tax guarantee (“PAT Guarantee”) over the period of 36 months, broken down into PAT Guarantee of RM0.7 million, RM1.2 million, RM2.2 million and RM3.3 million for the 12-month period ended 31 December 2024, 31 December 2025, 31 December 2026 and 31 December 2027 respectively.
