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TGL deserves a relook here
Treasure Global Inc Announces Major Shareholder Lock-up Agreement
NEW YORK and KUALA LUMPUR, Malaysia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”), a leading innovative technology solutions provider, announced today the execution of a Lock-up Agreement with major shareholders, collectively holding 9,983,416 shares, which accounts for 36.40% of the Company’s outstanding shares. This strategic move underscores the Company’s unwavering commitment to stabilizing stock prices and enhancing investor confidence.
The Lock-up Agreement was endorsed by key stakeholders, including Loke Chee Wai, a director of AI Lab Martech Sdn Bhd, Lim Kok Seng, a Director of Tophill Holdings Sdn. Bhd., Wan Zainuddin Bin Wan Ibrahim, a Director of The Evolutionary Zeal Sdn Bhd, and Chong Chan “Sam” Teo, Chief Executive Officer of Treasure Global Inc, with the primary objective of fortifying long-term stock value and fostering market stability.
According to the terms of the agreement, the signatories have pledged to refrain from any disposition of common stock or securities convertible into shares of Treasure Global Inc for a duration of one year, starting from November 10, 2023. The agreement allows for certain exceptions, permitting specific transactions such as gifts, family transfers and inclusion in employee benefit plans.
“We view this Lock-up Agreement as a testament to our unwavering commitment to fostering a resilient and sustainable investment climate for our valued shareholders,” stated Chong Chan “Sam” Teo, Chief Executive Officer of Treasure Global Inc. “We are confident that this initiative, covering a substantial portion of our outstanding shares, will strengthen investor confidence and pave the way for the Company’s sustained growth and success.”
About Treasure Global Inc
Treasure 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 6, 2023, ZCITY had over 2,660,000 registered users.
For more information, please visit https://treasureglobal.co/.
Forward Looking Statements
This 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 Contact
Phill Carlson
KCSA Strategic Communications
ir_us@treasuregroup.co
Malaysian Investor Contacts
ir_my@treasuregroup.co
Media Contact
Sue Chuah, Chief Marketing Officer
Treasure Global Inc
mediacontact@treasuregroup.co
https://www.globenewswire.com/newsroom/ti?nf=ODk3ODE5MSM1OTIzNTExIzIyNDc3ODg=
https://ml.globenewswire.com/media/NTM1NzI5NTUtZDhiNS00YmUwLWE5MjUtOGE5MjJmZjI5NjI3LTEyNTkzNDE=/tiny/Treasure-Global-Inc-.png
TGL..........................https://stockcharts.com/h-sc/ui?s=TGL&p=W&b=5&g=0&id=p86431144783
Got to keep up with the filings. They tell you more shares were coming. And it not Naked Shorting.
This was filed at 08:00 today, but there was another one before this.
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=317807646&type=HTML&symbol=TGL&cdn=065a8def0757c4f4988efc3c0b9267b2&companyName=Treasure+Global+Inc.&formType=8-K%2FA&formDescription=%5BAmend%5DCurrent+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2023-10-18
Wow! What a nose bleed drop. From $.625 to $.46 in a couple of minutes. Kinda killed the momo. Guess that's the intent. I need to walk away from this market. No rules, guides or laws anymore. Always was a challenge, but now corruption beyond the pale. Massive naked shorting everywhere. Where are all the shares coming from????
Think we have a potential $1Land runner
...chicken dinner
Treasure Global Inc Unveils Ground-breaking AI Robot for TikTok Live Commerce, Revolutionizing E-commerce Experience
ZCITY’s Innovative Technology Acquire an Artificial Intelligence Technology of Tencent Sets the Stage for Game-Changing TikTok Partnership
NEW YORK and KUALA LUMPUR, Malaysia, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider, today announced a transformative leap in the world of e-commerce with the introduction of an artificial intelligence (“AI”) robot designed to conduct extended-hour live commerce sessions on TikTok. This pioneering development not only propels ZCITY, a subsidiary of Treasure Global Inc, to new heights but also promises to revolutionize the way businesses engage with their customers on the world’s most traffic-intensive live commerce platform.
TikTok Live Commerce: A Lucrative Frontier for ZCITY
The dawn of TikTok Live Commerce represents a monumental opportunity for Treasure Global Inc’s subsidiary, ZCITY, to diversify its revenue streams and showcase its products in an innovative and engaging manner. With the acquisition of cutting-edge technology of Tencent, ZCITY has taken a significant step forward in creating its very own live commerce robot capable of interacting seamlessly with viewers via chatbox.
Unveiling the Future: ZCITY’s Live Commerce Robot
ZCITY’s live commerce robot, powered by advanced AI technology, will serve as a trailblazing model, demonstrating products and services in real-time on the TikTok platform. This innovative approach to marketing not only captures the attention of the TikTok community but also creates a dynamic and immersive shopping experience for viewers.
By harnessing the power of AI, this robot can answer queries, provide product details, and offer personalized recommendations, ensuring that every customer interaction is tailored to their needs. Its ability to operate for extended hours on TikTok makes it a game-changer in the live commerce arena, allowing for unparalleled reach and engagement.
TikTok: The Epicentre of Live Commerce
TikTok’s status as the world’s highest traffic live commerce platform makes it the ideal stage for ZCITY to unveil this ground-breaking technology. With millions of active users daily, TikTok provides an unrivalled platform to showcase ZCITY’s products and services, reaching a global audience like never before.
“This is a pivotal moment for Treasure Global Inc and ZCITY,” said Sam Teo, Chief Executive Officer of Treasure Global Inc. “Our innovative AI robot will redefine the e-commerce landscape on TikTok, offering a dynamic and interactive shopping experience that transcends traditional boundaries. We believe this development will not only drive significant revenue growth for ZCITY but also set new standards in the live commerce industry.”
Treasure Global Inc’s commitment to innovation and technological advancement continues to shape the future of e-commerce, enhancing the way businesses and customers connect in the digital age.
About Treasure Global Inc
Treasure 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 food and beverage 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 September 30, 2023, ZCITY had over 2,600,000 registered users.
For more information, please visit https://treasureglobal.co/.
Forward Looking Statements
This 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 filed with the Securities and Exchange Commission (“SEC”) on September 28, 2023. 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 Contact
Phil Carlson
KCSA Strategic Communications
ir_us@treasuregroup.co
TGL Baby
TGL: After the breather..............on up the hill.
That was a decent vol surge... Somebody wants it
TGL: Turning up https://finviz.com/quote.ashx?t=TGL&p=d
I do also... Added some this morning
Like those " Recent Business Highlights "
Treasure Global Reports Fourth Quarter & Fiscal Year 2023 Results
https://www.otcmarkets.com/stock/TGL/news/story?e&id=2644840
TGL now tracking NASDAQ instead of TSX.
Tgl is a dumpster fire lol
still red today - hope green still today ? WEEEEEEEEEEEEEEEE
great 8-k Out , should running hard
imho
TIME TO BOUNCING , A/H WAS GREAT LET'S GOOOOO
imho
Lots of nice purchases yesterday, it was collected, maybe today or next week it will go up nicely ?
imho
And theres the dump heading lower
Back to .23s
March 2023 Convertible Notes
EDGAR
Registered
Remaining Shares to be Issued When Converted
7,571,853
Remaining Principal Amount
$3,835,954
Conversion Price
$0.50
Total Shares Issued When Converted
10,856,541
Total Principal Amount
$5,500,000
https://dilutiontracker.com/app/search/TGL?a=dbb88c
TGL @.24s earnings out bottom watch ->
https://stockcharts.com/h-sc/ui?s=Tgl
MULTIPLE HALT IN THE WAY
START COVERING AT 2 $
TGL up 57% > Treasure Global Inc (NASDAQ: TGL) ("TGI" or the "Company"), an innovative e-commerce platform providing seamless payment solutions and rewards programs, today announced that it has signed a Memorandum of Understanding ("MOU") to discuss a new strategic partnership in Malaysia with Boost, a regional full spectrum fintech player. As a continuation of TGI's business collaboration with Boost, the new partnership will seek to leverage digital financing solutions from Boost Credit, an AI-based lending business which offers a range of lending services such as working capital financing, invoice financing and supply chain financing to financially empower small and medium enterprises ("SMEs") in Malaysia.
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