AcquisitionsJul 21, 2026, 04:27 PM
Treasure Global Subsidiary Acquires 80% of Cigar Secret
AI Summary
Treasure Global Inc.'s subsidiary, Tadaa Capital Sdn. Bhd., has entered into a Share Sale Agreement to acquire approximately 80% of Cigar Secret Sdn. Bhd., a Malaysian company engaged in the retail and wholesale of tobacco products. The purchase consideration is RM2,500,000 (approximately US$611,955.10), with a significant portion payable as a deposit. The acquisition is subject to customary closing conditions, including due diligence and regulatory approvals, with a long stop date of August 31, 2026.
Key Highlights
- Tadaa Capital Sdn. Bhd. (Treasure Global subsidiary) to acquire 80% of Cigar Secret Sdn. Bhd.
- Total purchase consideration is RM2,500,000 (approximately US$611,955.10).
- RM2,250,000 (approx. US$550,795.60) payable as a deposit upon SSA execution.
- Remaining RM250,000 (10%) payable as balance consideration.
- Closing subject to conditions including due diligence and independent valuation by August 31, 2026.
- Purchaser will exercise majority control and management of Cigar Secret post-completion.
- Deposit may be satisfied by shares of Treasure Global Inc. common stock.
Price Impact
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