# TREASURE GLOBAL INC (TGL) — bankruptcy [announced]
Source: SEC API (secapi.ai) · situation sit_b4b872cfa62c3c69ec42 · retrieved 2026-08-11T16:16:03.574Z

## Overview
Treasure Global Inc is a Delaware-incorporated company with common stock publicly traded on Nasdaq under ticker TGL; it operates through subsidiaries including Tadaa Capital Sdn. Bhd., which engages in acquisitions of retail and wholesale businesses.

Tadaa Capital Sdn. Bhd., a subsidiary of Treasure Global Inc, entered into a Share Sale Agreement on July 20, 2026 to acquire 149,880 ordinary shares (approximately 80% of the enlarged share capital) of Cigar Secret Sdn. Bhd., a Malaysian tobacco retailer and wholesaler. The total purchase consideration is RM2,500,000 (approximately US$611,955.10), with RM2,250,000 (approximately US$550,795.60) payable as a deposit upon execution and RM250,000 (approximately US$61,159.50) payable as balance consideration. Closing is subject to satisfaction of conditions precedent on or before August 31, 2026, subject to potential extension not exceeding 60 days, including due diligence satisfaction, independent valuation confirmation, required approvals, and no material adverse change in Cigar Secret.

## Terms
- Counterparty: Cigar Secret Sdn. Bhd. (vendors: Wong Lai Hoong, Chan Chee Kae, Angie Wong Lai Mun, Ong Si Zhong) · Deal value: $611,955 · Consideration: mixed · Stake: 80%

## Key dates
- Announced 2026-07-21 · Expected close 2026-08-31

## Timeline
- 2026-07-21 · 8-K (0001213900-26-080028): 8-K - TREASURE GLOBAL INC — *Treasure Global Inc is a Delaware-incorporated company with common stock publicly traded on Nasdaq under ticker TGL; it operates through subsidiaries including Tadaa Capital Sdn. Bhd., which engages in acquisitions of retail and wholesale businesses.* Tadaa Capital Sdn. Bhd., a subsidiary of Treasure Global Inc, entered into a Share Sale Agreement on July 20, 2026 to acquire 149,880 ordinary shares (approximately 80% of the enlarged share capital) of Cigar Secret Sdn. Bhd., a Malaysian tobacco retailer and wholesaler. The total purchase consideration is RM2,500,000 (approximately US$611,955.10), with RM2,250,000 (approximately US$550,795.60) payable as a deposit upon execution and RM250,000 (approximately US$61,159.50) payable as balance consideration. Closing is subject to satisfaction of conditions precedent on or before August 31, 2026, subject to potential extension not exceeding 60 days, including due diligence satisfaction, independent valuation confirmation, required approvals, and no material adverse change in Cigar Secret.
  https://www.sec.gov/Archives/edgar/data/1905956/0001213900-26-080028.txt

## Citations
- 0001213900-26-080028 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026080028