Treasure Global Appoints Carlson Thow As New CEO, Succeeding Sam Teo
$TGL
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Consumer Discretionary
Treasure Global Appoints Carlson Thow As New CEO, Succeeding Sam Teo
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SC 13G - TREASURE GLOBAL INC (0001905956) (Subject)
SC 13G - TREASURE GLOBAL INC (0001905956) (Subject)
SC 13G/A - TREASURE GLOBAL INC (0001905956) (Subject)
NEW YORK and KUALA LUMPUR, Malaysia, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, today announced its financial results for the second quarter ended December 31, 2024. Key Financial Highlights Revenue for the second quarter was $0.30 million, a 46% increase from $0.21 million in the first quarter of fiscal 2025. However, on a year-on-year basis, revenue declined 96% from $6.71 million in Q2 2024.Gross profit was $0.22 million, up 30% from $0.17 million in Q1 2025. The gross profit margin stood at 74.0%, compared to 83% in Q1 2025 and 5.0% in Q2 2024.Operational loss was $0.69 million, an
Strategic Expansion into Malaysia's USD159 Billion FMCG Industry & High-growth E-commerce Market. Projected USD116 Million Revenue Over Three Years Through Integration with F&N's USD1.16 Billion Annual Sales. Strengthening Treasure Global's Logistics and Digital Commerce Capabilities Through Tien Ming Distribution. NEW YORK and KUALA LUMPUR, Malaysia, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a technology-driven digital commerce and fintech solution provider, today announced the strategic acquisition of a 51% controlling stake in Tien Ming Distribution Sdn Bhd ("Tien Ming Distribution") through its subsidiary, VWXYZ Ventur
NEW YORK and KUALA LUMPUR, Malaysia, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, had on November 14, 2024 announced its financial results for the first quarter ended September 30, 2024. Key Financial Highlights Revenue for the first quarter was $207,371, compared to $13.46 million for the prior year's quarter, reflecting the Company's ongoing pivot toward high-margin business models and deliberate scaling down of low-margin operations. This strategic pivot is expected to benefit long-term revenue quality and stability.Gross profit improved by 6% to $172,172, with the gross profit margin
4 - TREASURE GLOBAL INC (0001905956) (Issuer)
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4 - TREASURE GLOBAL INC (0001905956) (Issuer)
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10-Q - TREASURE GLOBAL INC (0001905956) (Filer)
EFFECT - TREASURE GLOBAL INC (0001905956) (Filer)
S-3 - TREASURE GLOBAL INC (0001905956) (Filer)
NEW YORK and KUALA LUMPUR, Malaysia, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, today announced its financial results for the second quarter ended December 31, 2024. Key Financial Highlights Revenue for the second quarter was $0.30 million, a 46% increase from $0.21 million in the first quarter of fiscal 2025. However, on a year-on-year basis, revenue declined 96% from $6.71 million in Q2 2024.Gross profit was $0.22 million, up 30% from $0.17 million in Q1 2025. The gross profit margin stood at 74.0%, compared to 83% in Q1 2025 and 5.0% in Q2 2024.Operational loss was $0.69 million, an
NEW YORK and KUALA LUMPUR, Malaysia, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading e-commerce platform operator, had on November 14, 2024 announced its financial results for the first quarter ended September 30, 2024. Key Financial Highlights Revenue for the first quarter was $207,371, compared to $13.46 million for the prior year's quarter, reflecting the Company's ongoing pivot toward high-margin business models and deliberate scaling down of low-margin operations. This strategic pivot is expected to benefit long-term revenue quality and stability.Gross profit improved by 6% to $172,172, with the gross profit margin
Reported Gross Profit of Approximately $0.22 Million for Third Quarter Fiscal 2024, up 47% Year-Over-Year Secured a USD$2 million marketing contract aimed to promote prestigious Korean beauty products using its advanced AI Marketing Engine, strategically leveraging the vast revenue potential of the Malaysian and Southeast Asia beauty market Emerged as Exclusive Partner for AI Blockchain Wallet on Telegram, Paving the Way for New Business Opportunities and Spearheading Innovation in the Blockchain Industry Won the silver trophy for Best eCommerce Solution of the MARKETING-INTERACTIVE Asia eCommerce Awards 2023 Successfully Regained Compliance with Nasdaq Minimum Bid Price
NEW YORK and KUALA LUMPUR, Malaysia, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, is pleased to announce the appointment of two new independent directors, Mr. Leong Wei Ping and Mr. Anand Ramakrishnan to its Board. This strategic move underscores the Company's ongoing efforts to strengthen its leadership team and enhance its corporate governance as it continues to scale its operations and expand its global presence. Mr. Leong Wei Ping currently serves as an Executive Director at Asia Television Holdings Limited, which he joined in 2020. In this capacity, he is primarily responsible for
NEW YORK and KUALA LUMPUR, Malaysia, June 14, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ:TGL) ("Treasure Global" or the "Company"), a leading technology solutions provider, today announced the appointment of Mr. Carlson Thow as its new Chief Executive Officer, succeeding Mr. Sam Teo, who has resigned from his position. Mr. Thow, previously the Group Chief Legal Officer of Nasdaq-listed VCI Global Limited (NASDAQ:VCIG), brings extensive expertise in corporate leadership, business strategy, and driving successful business transformations. During his tenure at VCI Global Limited, Mr. Thow played a pivotal role in guiding the company through a successful transition from a private