M&A
confidence high
sentiment neutral
materiality 0.55
Treasure Global subsidiary agrees to acquire 80% of Cigar Secret for ~US$612k
TREASURE GLOBAL INC
- Purchase consideration RM2.5M (~US$611,955) for 80% of Cigar Secret Sdn. Bhd.
- Deposit of RM2.25M (~US$550,796) payable upon execution; balance RM250k.
- Closing subject to conditions including due diligence, independent valuation, and regulatory approvals by Aug 31, 2026 (possible 60-day extension).
- Upon completion, Purchaser gets majority control and management of Cigar Secret.
- Vendors subject to 5-year non-compete and non-solicitation covenants.