M&A
confidence high
sentiment neutral
materiality 0.55
Treasure Global signs non-binding LOI to acquire 51% of Quarters Elite Advisory for RM5.16M in stock
TREASURE GLOBAL INC
- Purchase price RM5.16M (~USD1.2M) to be paid in Treasure Global common stock within two months of definitive agreement.
- Target is Quarters Elite Advisory Sdn Bhd, a Malaysian company; vendor Tee Chee Siong is sole shareholder.
- Transaction is non-binding, subject to due diligence (2-3 months), definitive SPA, regulatory approvals, and Nasdaq consent if needed.
- Completion to occur within 5 business days after conditions satisfied; no assurance deal will close.