Treasure Global CEO Demonstrates Confidence in Company's Future Through Share Purchase
February 05 2024 - 8:30AM
Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”), a
leading technology solutions provider, today announced that Chief
Executive Officer of the Company, Sam Teo, increased his stake in
the Company by purchasing 1,170,000 shares in the open market,
totaling an investment of USD $98,397 with each share acquired at $
0.0841 per share. Following this transaction, Mr. Teo now holds an
aggregate of 5.11% of the issued and outstanding voting shares.
“I am excited about the bright future that lies ahead for
Treasure Global, as the Company continues to deliver on its
strategic objectives and advance a number of key opportunities,”
said Sam Teo, Chief Executive Officer of TGL. “Our team’s
relentless dedication to innovation, coupled with our ability to
forge strategic partnerships, has elevated our position within the
technology solutions space. I believe that this share purchase
demonstrates that I firmly believe in the value and potential of
our company, which is why I have chosen to increase my stake in
TGL.”
This purchase demonstrates the alignment of TGL’s Chief
Executive Officer with the Company’s strategic vision for sustained
growth and innovation in the dynamic technology sector.
About Treasure Global IncTreasure Global is a
Malaysian solutions provider developing innovative technology
platforms. Treasure Global has developed two technology solutions:
the ZCITY App, a unique digital ecosystem that transforms and
simplifies the e-payment experience for consumers, while
simultaneously allowing them to earn rewards; and TAZTE, a digital
F&B management system providing merchants with a one-stop
management and automated solution to digitalize their businesses.
Treasure Global also acts as a master franchiser in Southeast Asia
for popular restaurant chains, while providing them with the TAZTE
solution. As of November 28, 2023, ZCITY had over 2,670,000
registered users.
For more information, please
visit https://treasureglobal.co/.
Forward Looking StatementsThis press release
may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements are characterized by future or
conditional verbs such as “may,” “will,” “expect,” “intend,”
“anticipate,” “believe,” “estimate” and “continue” or similar
words. You should read statements that contain these words
carefully because they discuss future expectations and plans, which
contain projections of future results of operations or financial
condition or state other forward-looking information.
Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, many of which
are beyond the control of the Company, including those set forth in
the Risk Factors section of the Company’s Annual Report on Form
10-K for the fiscal year ended June 30, 2023 and subsequent filings
filed with the Securities Exchange Commission (“SEC”). Copies of
these documents are available on the SEC’s
website, www.sec.gov. These forward-looking statements cannot
be predicted or quantified and consequently, actual results may
differ materially from those expressed or implied by such
forward-looking statements. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
For further information, please
contact:U.S. Investor ContactErika
KayKCSA Strategic Communicationsir_us@treasuregroup.co
Malaysian Investor
Contactsir_my@treasuregroup.co
Media ContactSue Chuah, Chief Marketing
OfficerTreasure Global Incmediacontact@treasuregroup.co
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