AGBA raises $5M equity, completes $2M asset sales; targets cost cuts and Singapore expansion

Triller Group Inc.

Raised $5M via private placement in Feb 2024 at premium to market; management participated.
Completed $2M in non-core asset sales in Feb 2024; additional sales expected within 1-3 months.
Leaner business model and staff cuts expected to reduce normalized opex for growth and profitability.
Launched successful partnership with HSBC Life; 50%+ consultants sold HSBC plan within 3 months.
Agreement to acquire 100% of Sony Life Financial Advisers in Singapore, expected close by May 2024.

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