Treasure Global receives $400,000 investment from Chan Meng Chun, Chuah Su Chen

Treasure Global (TGL) announced that it has entered into a subscription agreement with Malaysian investors Chan Meng Chun and Chuah Su Chen, raising $400,000 through a strategic equity investment. Chan Meng Chun who recently assumed the role of executive director and Chuah Su Chen have each subscribed for $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 $1.16 per share, distributed as follows: Chan Meng Chun: 172,414 and Chuah Su Chen: 172,414 shares. 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 utilized to strengthen working capital, accelerate platform development, and support Treasure Global’s ongoing expansion initiatives.