Treasure Global (NASDAQ: TGL) entered a Subscription Agreement dated October 7, 2025, raising USD 400,000 via issuance of 344,828 new ordinary shares at USD 1.16 per share. Two Malaysian investors — Executive Director Chan Meng Chun and investor Chuah Su Chen — each subscribed for 172,414 shares for USD 200,000 each.
Proceeds are earmarked to strengthen working capital, accelerate platform development, and support expansion initiatives for the ZCITY Super App, which had over 2.7 million registered users as of March 2025. All shares are issued as restricted securities subject to Rule 144 resale limitations and applicable laws.
Treasure Global (NASDAQ: TGL) ha stipulato un Accordo di Sottoscrizione datato 7 ottobre 2025, raccogliendo USD 400.000 mediante emissione di 344.828 nuove azioni ordinarie a USD 1,16 per azione. Due investitori malesi — l’Amministratore Esecutivo Chan Meng Chun e l’investitore Chuah Su Chen — hanno sottoscritto ciascuno 172.414 azioni per USD 200.000 ciascuno.
I proventi sono destinati a rafforzare il capitale circolante, accelerare lo sviluppo della piattaforma e supportare le iniziative di espansione per la ZCITY Super App, che aveva oltre 2,7 milioni di utenti registrati al marzo 2025. Tutte le azioni sono emesse come titoli ristretti soggetti a limitazioni di rivendita secondo la Rule 144 e alle leggi applicabili.
Treasure Global (NASDAQ: TGL) firmó un Acuerdo de Suscripción con fecha del 7 de octubre de 2025, levantando USD 400,000 mediante la emisión de 344,828 nuevas acciones ordinarias a USD 1,16 por acción. Dos inversores malayos —el Director Ejecutivo Chan Meng Chun y el inversor Chuah Su Chen— suscribieron 172,414 acciones cada uno por USD 200,000 cada uno.
Los fondos se destinarán a fortalecer el capital de trabajo, acelerar el desarrollo de la plataforma y apoyar iniciativas de expansión de la ZCITY Super App, que tenía más de 2,7 millones de usuarios registrados a marzo de 2025. Todas las acciones se emiten como valores restringidos sujetos a restricciones de reventa de la Regla 144 y a las leyes aplicables.
Treasure Global (NASDAQ: TGL)가 2025년 10월 7일자 구독계약을 체결하여 미화 40만 달러를 344,828주의 신규 보통주를 주당 미화 1.16달러에 발행해 조달했습니다. 두 말레이시아 투자자 — 이사 Cha Meng Chun(Executive Director Chan Meng Chun) 및 투자자 Chuah Su Chen — 각각 172,414주를 미화 200,000달러씩 구독했습니다.
조달된 자금은 운전자본 강화, 플랫폼 개발 가속 및 ZCITY 슈퍼앱의 확장 이니셔티브를 지원하는 데 사용될 예정이며, ZCITY는 2025년 3월 기준 270만 명이 넘는 등록 사용자를 보유하고 있습니다. 모든 주식은 제한된 증권으로 발행되며 Rule 144의 재판매 제한과 해당 법률의 적용을 받습니다.
Treasure Global (NASDAQ: TGL) a conclu un Contrat de Souscription en date du 7 octobre 2025, levant USD 400 000 par l’émission de 344 828 nouvelles actions ordinaires à USD 1,16 par action. Deux investisseurs malaisiens — le Directeur Exécutif Chan Meng Chun et l’investisseur Chuah Su Chen — ont souscrit chacun 172 414 actions pour USD 200 000 chacun.
Les fonds seront destinés à renforcer les fonds de roulement, accélérer le développement de la plateforme et soutenir les initiatives d’expansion de la ZCITY Super App, qui comptait plus de 2,7 millions d’utilisateurs enregistrés en mars 2025. Toutes les actions sont émises en tant que titres restreints soumis aux limitations de revente de la Rule 144 et aux lois applicables.
Treasure Global (NASDAQ: TGL) hat eine Zeichnungsvereinbarung vom 7. Oktober 2025 unterzeichnet und durch die Ausgabe von 344.828 neuen Stammaktien zu USD 1,16 pro Aktie USD 400.000 eingenommen. Zwei malaysische Investoren — der Executive Director Chan Meng Chun und der Investor Chuah Su Chen — haben jeweils 172.414 Aktien zum Preis von USD 200.000 gezeichnet.
Die Erlöse sollen das Working Capital stärken, die Plattformentwicklung beschleunigen und Expansionsinitiativen für die ZCITY Super App unterstützen, die bis März 2025 über 2,7 Millionen registrierte Benutzer hatte. Alle Aktien werden als eingeschränkte Wertpapiere ausgegeben und unterliegen den Beschränkungen der Rule 144 und den geltenden Gesetzen.
Treasure Global (NASDAQ: TGL) وقعت اتفاقية اشتراك بتاريخ 7 أكتوبر 2025، وجمعت 400,000 دولار أمريكي من خلال إصدار 344,828 سهماً عاديًا جديدًا بسعر 1.16 دولار أمريكي للسهم الواحد. اشترك المستثمران الماليزيان — المدير التنفيذي Chan Meng Chun والمستثمر Chuah Su Chen — في 172,414 سهماً لكل منهما بمبلغ 200,000 دولار أمريكي لكل منهما.
سيتم تخصيص العائدات لتعزيز رأس المال العامل، وتسريع تطوير المنصة، ودعم مبادرات التوسع لـ ZCITY Super App، التي كان لديها أكثر من 2.7 مليون مستخدم مسجل حتى مارس 2025. جميع الأسهم صادرة كـ أوراق مالية مقيدة تخضع لقيود البيع وفق قاعدة 144 والقوانين المعمول بها.
Treasure Global (NASDAQ: TGL) 于 2025 年 10 月 7 日签署了一份认购协议，通过发行 344,828 股新普通股、每股 1.16 美元，募集 40 万美元。两名马来西亚投资者 —— 执行董事 Chan Meng Chun 与投资者 Chuah Su Chen —— 各自认购 172,414 股，共计 200,000 美元。
募集资金将用于强化营运资金、加速平台开发及支持 ZCITY 超级应用的扩张计划，截至 2025 年 3 月，ZCITY 共有 270 万注册用户。所有股票均作为受限证券发行，受 Rule 144 的转售限制及适用法律约束。
Positive
- Insider investment: Executive Director subscribed for USD 200,000
- Proceeds USD 400,000 allocated to working capital and platform development
- ZCITY user base exceeds 2.7 million registered users (March 2025)
Negative
- Issued 344,828 new shares, creating potential dilution for existing shareholders
- All new shares are restricted securities subject to Rule 144 resale limitations
Insights
Small private placement raises working capital but offers limited immediate financial impact.
Treasure Global issued 344,828 new ordinary shares at
The amount is modest relative to typical growth capital needs for technology platforms; dilution is explicit but limited by share count and price disclosed. The participation by Executive Director Chan Meng Chun signals insider alignment, but this fact alone does not alter the company’s cash runway or execution risk materially.
Watch near‑term use of funds and disclosure of spending milestones across the next
Insider subscription indicates confidence but remains a small, non‑controlling strategic investment.
The transaction documents an insider purchase: Executive Director Chan Meng Chun subscribed for
Regulatory constraints are clear: shares are ‘‘restricted securities’’ and subject to Rule 144 resale limitations, which limits immediate liquidity for the purchasers. That reduces short‑term sell pressure but also restricts the practical benefit of the investment to market confidence rather than immediate market supply changes.
Key near‑term items to track include any subsequent disclosures showing how the
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:
- Chan Meng Chun: 172,414 shares (USD 200,000)
- Chuah Su Chen: 172,414 shares (USD 200,000)
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.”
About Treasure Global
Treasure Global is a Malaysia-based technology solutions provider specializing in innovative platforms that drive digital transformation in retail and services. The Company’s flagship product is the ZCITY Super App, which integrates e-payment solutions with customer loyalty rewards to create a seamless online-to-offline user experience. As of March 2025, ZCITY has attracted over 2.7 million registered users, positioning Treasure Global as a key player in Malaysia’s digital economy. Treasure Global continuously leverages cutting-edge technologies, including artificial intelligence and data analytics, to enhance its platform’s capabilities across e-commerce, fintech, and other verticals.
Visit treasureglobal.org for more information.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company’s current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements typically include terminology such as “anticipates,” “believes,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” or similar expressions.
Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to expand its e-commerce platform and F&B distribution business, customer acceptance of new products and services, changes in economic conditions affecting its operations, the outcome of partnership discussions, the impact of global health crises, supply chain disruptions, competition, and regulatory risks related to data privacy and security. Additional risks include volatility in digital asset markets, potential vulnerabilities in custodial security, and evolving global and domestic regulatory frameworks applicable to blockchain technologies. These risks, along with other factors, are discussed in more detail in the Company’s filings with the U.S. Securities and Exchange Commission.
The forward-looking statements in this press release speak only as of the date hereof. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
CONTACT
Investor and Media Contact:
Investor Relations Team
Treasure Global Inc.
ir_us@treasureglobal.org
FAQ
What did Treasure Global (TGL) announce on October 7, 2025?
Treasure Global announced a private subscription raising USD 400,000 by issuing 344,828 new shares at USD 1.16 each.
Who invested in the TGL private placement and how much did they subscribe?
Executive Director Chan Meng Chun and investor Chuah Su Chen each subscribed for USD 200,000 (172,414 shares).
How will Treasure Global (TGL) use the USD 400,000 proceeds?
Proceeds will be used to strengthen working capital, accelerate platform development, and support expansion initiatives.
Are the new Treasure Global shares freely tradable?
No. The shares are issued as restricted securities and are subject to resale limitations under Rule 144 and other laws.
What is the issuance price and share count in the TGL subscription?
Issuance price was USD 1.16 per share for a total of 344,828 shares.
How large is Treasure Global’s ZCITY user base cited in the announcement?
ZCITY had over 2.7 million registered users as of March 2025.
