M&A
confidence high
sentiment neutral
materiality 0.55
Treasure Global sells subsidiary Tadaa Ventures for $1.4M in RG shares
TREASURE GLOBAL INC
- Agreed to sell 100% of Tadaa Ventures Sdn. Bhd. (owns Bowlcrafted) to Maison de Cuisine Sdn. Bhd.
- Purchase consideration of US$1.4M paid entirely in ordinary shares of Reveillon Group at $2.00 per share.
- Completion within 5 business days after conditions satisfied; shares placed in escrow.
- Transaction part of strategic shift away from food & beverage toward fintech and digital-asset platforms.
- Deal not deemed a significant asset disposition; no financial statements filed.