Treasure Global sells shares in two deals worth $6.6M total

Treasure Global Inc. (NASDAQ: TGL) announced it entered into two separate sale and purchase agreements on August 20, 2026, to sell shares in two companies for a combined total of $6.6 million.

In the first agreement, Treasure Global agreed to sell 1,300,000 ordinary shares of V Gallant Limited, a British Virgin Islands company, to New Year Holdings Limited, a Hong Kong company, for $5,200,000. The purchase price is payable in 36 monthly installments beginning September 1, 2026, with 35 monthly payments of $144,444 and a final payment of $144,460.

In the second agreement, the company agreed to sell 700,000 ordinary shares of Reveillon Group Limited, also incorporated in the British Virgin Islands, to Hung Dat Group Trade Limited, a British Virgin Islands company, for $1,400,000. That purchase price is also payable in 36 monthly installments beginning September 1, 2026, with 35 monthly payments of $38,888 and a final payment of $38,920.

In both transactions, the shares will remain held by escrow agent Chua Tze Ping as security until the full purchase price is paid. Both sales are conducted on a without recourse basis, and both agreements are governed by the laws of Malaysia.

Under default provisions in both agreements, if a purchaser defaults and Treasure Global terminates the agreement, all milestone payments received are forfeited to Treasure Global as liquidated damages and the shares revert to the company. If Treasure Global defaults, it must refund all payments received within 30 days.

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