TREASURE GLOBAL INC (TGL) Form 8-K — Oct 19, 2026
Treasure Global Inc disclosed that on October 16, 2026 it entered into a Shares Sale Agreement under which Tadaa Capital Sdn. Bhd. will acquire 100% of Platinum Recognition Sdn. Bhd., the Malaysian operator of the De Elements Business Hotel Kuala Lumpur, for RM2.4 million from four individual vendors.
Key figures
- Deposit rm
- RM240,000 (10%)
- Non compete
- 5 years post-completion (Kuala Lumpur and Selangor)
- Target ownership
- 100% of PRSB (400,000 shares held by 4 vendors)
- Late payment interest
- 8% per annum
- Escrow share restriction
- 6 months
- Escrow realisation period
- 8 months
- Purchase consideration rm
- RM2,400,000
- Balance purchase consideration rm
- RM2,160,000 (90%)
AI analysis
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