Key Highlights

  • Treasure Global will obtain 149,880 ordinary shares, representing about 80% of Cigar Secret’s enlarged capital.
  • Purchase price totals RM2,500,000, with a RM2,250,000 deposit and a RM250,000 balance due.
  • Each of the four Malaysian vendors receives an equal 25% slice of the consideration.

Treasure Global Inc. The share package amounts to roughly 80% of the target’s post‑capitalisation equity and is priced at RM2,500,000, or about US $611,955.10. This move expands the U.S.-listed firm’s footprint into Malaysia’s specialty tobacco retail market and places it in a controlling position over the newly acquired business.

Acquisition of Cigar Secret Stake

The agreement grants the purchaser an 80% ownership stake in Cigar Secret, a company that operates specialized tobacco stores and wholesale channels. By securing 149,880 shares, Treasure Global will dominate voting rights and can appoint the majority of the board. Controlling interest equips the company to steer strategic decisions, from store expansions to product mix, aligning with its broader diversification goals.

Each of the four vendors receives a quarter of the total consideration, reflecting an equal split of the purchase price. If the purchaser opts to meet the deposit using its own common shares, those shares will be placed in escrow for six months before being sold to fund the deposit. The escrow arrangement safeguards both parties while adhering to Malaysian law.

The SSA outlines that the purchaser will acquire 149,880 shares, representing approximately 80% of the enlarged capital. The purchase consideration under the SSA is RM 2,500,000, with the deposit and balance split as described above.

Upcoming Milestones and Risks

The deal must close by the deadline stipulated in the SSA, with a possible extension if mutually agreed. Completion is subject to satisfactory due diligence, escrow execution, valuation approval, and the absence of material adverse changes at Cigar Secret. Failure to meet any condition could terminate the agreement, triggering a refund or forfeiture of the deposit depending on which party defaults.

Investors should monitor the completion timeline, as the timing will dictate when the new assets begin contributing to Treasure Global’s earnings. The next catalyst is the expected closing around the end of August, which will confirm the firm’s new revenue stream.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.