Treasure Global sells Malaysian subsidiary for $1.4 million

Treasure Global Inc. (NASDAQ: TGL) entered into a share sale agreement on December 22, 2025, to sell its wholly owned Malaysian subsidiary Tadaa Ventures Sdn. Bhd. to Maison de Cuisine Sdn. Bhd. for $1.4 million.

The transaction involves the sale of 100% of Tadaa Ventures' outstanding ordinary shares. Tadaa Ventures operates as an investment holding company and owns 100% of Bowlcrafted Sdn. Bhd.

The purchase consideration consists entirely of ordinary shares in Reveillon Group Limited, a British Virgin Islands company, valued at $2.00 per share. The buyer agreed to transfer the shares to an escrow agent for Treasure Global's benefit, subject to the agreement's terms and conditions.

The information is based on a company press release statement.

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