Treasure Global Announces Purchase of Shares by its Chief Executive Officer
28 Julho 2023 - 9:03AM
Treasure Global Inc (NASDAQ: TGL) (“TGL”, “Treasure Global,” or the
“Company”), an innovative technology solutions provider, today
announced that Chief Executive Officer, Sam Teo, has increased his
holding in the Company. On July 27, 2023, Mr. Teo purchased 121,802
additional shares, valued at USD 101,096.
"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 Treasure Global Inc. "Our
team's relentless dedication to innovation, as well as our ability
to forge strategic partnerships, has elevated our position within
the technology solutions space. I firmly believe in the value and
potential of our company, which is why I have chosen to increase my
stake in TGL."
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 SEA for popular
restaurant chains, while providing them with the TAZTE solution. As
of March 31, 2023, ZCITY had over 2,400,000 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 registration statement
and prospectus for the Company’s initial public offering filed with
the 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 ContactPhil CarlsonKCSA 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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