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KUALA LUMPUR, Malaysia, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company") today announced that it has entered into a Subscription Agreement with Malaysian investors Chan Meng Chun and Chuah Su Chen, raising USD 400,000 through a strategic equity investment. The participation of Executive Director Chan Meng Chun underscores insider confidence in Treasure Global's long-term growth strategy and outlook.
Chan Meng Chun, a respected industry veteran who recently assumed the role of Executive Director, and Chuah Su Chen, a strong advocate of Treasure Global's vision, have each subscribed for USD 200,000 worth of common shares in the Company.
Under the agreement, Treasure Global will issue a total of 344,828 new ordinary shares at an issuance price of USD 1.16 per share, distributed as follows:
All shares issued under the Subscription Agreement are ‘restricted securities,' as defined under the U.S. Securities Act of 1933, and are subject to the resale limitations of Rule 144 of the U.S. Securities and Exchange Commission, as well as other applicable securities laws, regulations, and Company policies.
The proceeds from this private placement will be strategically utilized to strengthen working capital, accelerate platform development, and support Treasure Global's ongoing expansion initiatives, further reinforcing the Company's growth trajectory.
"This investment reflects the continued confidence of our leadership and investors in Treasure Global's strategy and direction," said Carlson Thow, CEO of Treasure Global. "With fresh capital and strengthened alignment, we are positioned to execute the next phase of growth and deliver sustained value to our shareholders."
Posted In: TGL
