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Stock impact report

Treasure Global Announces USD 400,000 Strategic Investment from Executive Director Chan Meng Chun and Investor Chuah Su Chen to Advance Expansion Plans [Yahoo! Finance]

Treasure Global Inc. (TGL) 
Company Research Source: Yahoo! Finance
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 Show less Read more
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