Treasure (US:TGL) Globenewswireยท2025-10-07 20:03Core Insights - Treasure Global Inc. has raised USD 400,000 through a Subscription Agreement with Malaysian investors, indicating strong insider confidence in the company's growth strategy [1][2]. Group 1: Investment Details - The investment was made by Executive Director Chan Meng Chun and Chuah Su Chen, each subscribing for USD 200,000 worth of common shares [2]. - A total of 344,828 new ordinary shares will be issued at an issuance price of USD 1.16 per share, with all shares classified as 'restricted securities' under U.S. law [2]. Group 2: Use of Proceeds - The funds raised will be used to strengthen working capital, accelerate platform development, and support ongoing expansion initiatives [3]. Group 3: Company Overview - Treasure Global is a technology solutions provider based in Malaysia, focusing on digital transformation in retail and services, with its flagship product being the ZCITY Super App [4]. - As of March 2025, ZCITY has over 2.7 million registered users, positioning the company as a significant player in Malaysia's digital economy [4]. - The company utilizes advanced technologies such as artificial intelligence and data analytics to enhance its platform capabilities across various sectors [4].