Treasure Global Announces US$1.2 Million Private Placement to Board Members
Key Highlights
- ➤Treasure Global (TGL) raises approximately US$1.2 million in private placement
- ➤Board members Sam Teo, Pusparajan A/L Vadiveloo, and Chan Meng Chun each subscribe US$400,000
- ➤Share issuance expected December 4, 2026, subject to closing and regulatory conditions
- ➤Proceeds strengthen financial position and support business development initiatives
Expert Statements
Sam Teo, Acting Chief Executive Officer of Treasure Global
“This investment reflects the continued commitment of our leadership team to Treasure Global’s long-term strategy.”
Sam Teo, Acting Chief Executive Officer of Treasure Global
“As we execute our growth initiatives and pursue new technology-driven opportunities, we believe direct participation by our leadership reinforces alignment with shareholders and demonstrates confidence in the Company’s long-term direction.”
KUALA LUMPUR, Malaysia, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company focused on AI-powered enterprise solutions and digital transformation, today announced that it has entered into three subscription agreements with members of its Board of Directors, raising approximately US$1.2 million.
The private placement involves Sam Teo, Executive Director cum Acting Chief Executive Officer; Pusparajan A/L Vadiveloo, Chief Financial Officer; and Chan Meng Chun, Executive Director, with each subscribing for approximately US$400,000 of common stock.
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