Associated tags: TGI, Ecosystem, TGL
Locations: KUALA LUMPUR, MY, BENCHMARK, SAI, NEW YORK, NY, US, MALAYSIA, DELAWARE, INDONESIA, CHINA, JAPAN
This contract, honored by Satria Dunia Sdn Bhd, aims to promote prestige Korean beauty products through ZCITY’s advanced artificial intelligence marketing engine (“AI Marketing Engine”).
Key Points:
- This contract, honored by Satria Dunia Sdn Bhd, aims to promote prestige Korean beauty products through ZCITY’s advanced artificial intelligence marketing engine (“AI Marketing Engine”).
- This strategic move signifies a significant milestone for Treasure Global as ZCITY expands its presence and capabilities in the beauty industry.
- Leveraging ZCITY’s cutting-edge artificial intelligence technology, Treasure Global is poised to maximize brand visibility and drive sales growth for its clients’ Korean beauty products.
- With ZCITY’s AI Marketing Engine, we are well-positioned to capitalize on the burgeoning demand for prestige Korean beauty products in Malaysia and beyond.
NEW YORK and KUALA LUMPUR, Malaysia, April 11, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, is proud to announce ZCITY is in discussions to become the operator of the Malaysia Pavilion, catapulting Treasure Global into the heart of China’s booming consumer market.
Key Points:
- NEW YORK and KUALA LUMPUR, Malaysia, April 11, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, is proud to announce ZCITY is in discussions to become the operator of the Malaysia Pavilion, catapulting Treasure Global into the heart of China’s booming consumer market.
- The exponential growth of the livestream commerce market in China is significant.
- This strategic partnership aligns seamlessly with Treasure Global’s mission to revolutionize digital experiences and drive sustainable growth in emerging markets.
- “The exponential growth of livestream commerce in China further solidifies our confidence in this strategic partnership.
NEW YORK and KUALA LUMPUR, Malaysia, March 26, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, is pleased to announce that it has successfully regained compliance with the minimum bid price requirement set forth by The Nasdaq Stock Market LLC (“Nasdaq”).
Key Points:
- NEW YORK and KUALA LUMPUR, Malaysia, March 26, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, is pleased to announce that it has successfully regained compliance with the minimum bid price requirement set forth by The Nasdaq Stock Market LLC (“Nasdaq”).
- The Company has received notification from the Nasdaq Listing Qualifications Staff confirming its compliance with Listing Rule 5550(a)(2), thereby meeting Nasdaq’s maintenance requirements for listing.
- “Regaining compliance with Nasdaq’s minimum bid price requirement is a significant milestone for Treasure Global.
- This achievement underscores our unwavering dedication to maintaining the utmost standards of corporate governance and transparency,” said Sam Teo, Chief Executive Officer of Treasure Global.
The Company believes that the success of its ZCITY Premium Store may contribute to increased revenue growth for the Company.
Key Points:
- The Company believes that the success of its ZCITY Premium Store may contribute to increased revenue growth for the Company.
- This substantial growth underscores the strategic importance of the Premium Store in driving business expansion and profitability for Treasure Global.
- Focusing on higher-margin businesses including ZCITY’s Premium Store, Treasure Global has also achieved significant improvements in its financial performance.
- As the ZCITY Premium Store continues to thrive, the Company looks forward to further enhancing its offerings and expanding its footprint in key markets.
Retrieved on:
Friday, February 23, 2024
NEW YORK and KUALA LUMPUR, Malaysia, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, announced today that it will effect a 1-for-70 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.00001 per share (“Common Stock”).
Key Points:
- NEW YORK and KUALA LUMPUR, Malaysia, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), an innovative technology solutions provider, announced today that it will effect a 1-for-70 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.00001 per share (“Common Stock”).
- The 1-for-70 reverse stock split will automatically combine and convert seventy current shares of the Common Stock into one issued and outstanding new share of Common Stock.
- The Reverse Stock Split will not change the par value of the Common Stock nor the authorized number of shares of Common Stock, preferred stock or any series of preferred stock.
- Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the Reverse Stock Split and will not be required to take any action in connection with the Reverse Stock Split.
Retrieved on:
Thursday, February 22, 2024
NEW YORK and KUALA LUMPUR, Malaysia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”), an innovative technology solutions provider, today announced, a groundbreaking partnership with Silica-AI (SAI), a leading artificial intelligence or AI technology company driving global industry transformation. This strategic alliance aims to propel AI and IoT innovation across Southeast Asia, leveraging SAI's cutting-edge AI technology and TGL's extensive market reach and expertise.
Key Points:
- This strategic alliance aims to propel AI and IoT innovation across Southeast Asia, leveraging SAI's cutting-edge AI technology and TGL's extensive market reach and expertise.
- Southeast Asia stands at the forefront of technological advancement and digital transformation, presenting a ripe landscape for AI and IoT integration.
- Our partnership with Silica-AI marks a pivotal moment in advancing AI technology across Southeast Asia.
- With their combined expertise, resources, and shared vision for AI-driven innovation, Treasure Global and Silica-AI are poised to transform Southeast Asia's AI and IoT landscape, ushering in a new era of technological advancement and digital excellence.
Retrieved on:
Wednesday, February 14, 2024
Increased Registered Users to Over 2.68 Million as of December 31, 2023
Key Points:
- Increased Registered Users to Over 2.68 Million as of December 31, 2023
Reported Gross Profit of Approximately $0.35 Million for Second Quarter Fiscal 2024, up 48% Year-Over-Year
NEW YORK and KUALA LUMPUR, Malaysia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider, today reported its financial results for the second quarter of the 2024 fiscal year ended December 31, 2023, and provided a business update.
- Total revenues for the second quarter ended December 31, 2023, were $6.7 million, compared with $20.4 million for the second quarter of the 2023 fiscal year.
- Gross profit for the second quarter of the 2024 fiscal year was approximately $0.35 million, a 48% improvement year-on-year, from approximately $0.23 million for the second quarter of the 2023 fiscal year.
- Net loss of approximately $1.2 million for the second quarter of the 2024 fiscal year, compared to $2.0 million for the second quarter of the 2023 fiscal year.
Following this transaction, Mr. Teo now holds an aggregate of 5.11% of the issued and outstanding voting shares.
Key Points:
- 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.
Retrieved on:
Wednesday, January 31, 2024
NEW YORK and KUALA LUMPUR, Malaysia, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”), an innovative technology solutions provider, today announced that it will report its financial results for the second quarter of fiscal year 2024, which ended on December 31, 2023, after market close on Wednesday, February 14, 2024. The Company will host a conference call and audio webcast the next morning, Thursday, February 15, 2024, at 8:30 a.m. Eastern Time featuring remarks by Sam Teo, Chief Executive Officer of TGL and Michael Chan, Chief Financial Officer of TGL.
Key Points:
- Hosts conference call on Thursday, February 15, 2024
NEW YORK and KUALA LUMPUR, Malaysia, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL” or the “Company”), an innovative technology solutions provider, today announced that it will report its financial results for the second quarter of fiscal year 2024, which ended on December 31, 2023, after market close on Wednesday, February 14, 2024.
- The Company will host a conference call and audio webcast the next morning, Thursday, February 15, 2024, at 8:30 a.m. Eastern Time featuring remarks by Sam Teo, Chief Executive Officer of TGL and Michael Chan, Chief Financial Officer of TGL.
Retrieved on:
Wednesday, January 17, 2024
This collaboration, strategically timed amidst Southeast Asia’s booming digital economy, works toward the development of next-generation AI solutions and an exclusive state-of-the-art data center created specifically for AI applications.
Key Points:
- This collaboration, strategically timed amidst Southeast Asia’s booming digital economy, works toward the development of next-generation AI solutions and an exclusive state-of-the-art data center created specifically for AI applications.
- The dedicated AI data center facility will serve as a hub for cutting-edge AI data analytics and the creation of AI-generated human experiences and is engineered to meet the unique demands of AI workloads, ensuring optimal performance and efficiency.
- The initial focus of this partnership is on the Malaysian market, where both TGL and AIO Synergy are committed to providing transformative AI solutions to businesses across various industries.
- By positioning their companies to capitalize on the Southeast Asian AI market’s projected growth, TGL and AIO Synergy believe they are poised for expansion, leveraging the region’s burgeoning interest and investment in AI.
