Treasure Global unit to buy 51% of Tien Ming Distribution; commits up to RM3M for F&N logistics deal

TREASURE GLOBAL INC

VWXYZ Venture Sdn. Bhd., Treasure Global subsidiary, agrees to acquire 51% of Tien Ming Distribution for RM5,100 cash.
Purchaser commits to invest up to RM3,000,000 in Tien Ming to fund operations under a warehousing contract with F&N Beverages Marketing Sdn Bhd.
Conditions precedent include satisfactory due diligence, shareholders' approval, no material adverse change, and warranty accuracy.
If FNBM terminates the LOA, Purchaser may cease funding and withhold remaining shareholder loan.
Completion expected within 14 days after conditions precedent satisfied or waived.

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