24/7 Market News Snapshot 11 February, 2025 – Treasure Global Inc. Common Stock (NASDAQ:TGL)

February 11, 2025

DENVER, Colo., 11 February, 2025 (247marketnews.com) – (NASDAQ:TGL) are discussed in this article.
Treasure Global Inc. (TGL) is making significant strides in the market, with its stock price witnessing a notable pre-market surge of 23.44%, rising to $0.237 from the previous close of $0.192. This uptick comes alongside a robust trading volume of 16.77 million shares, indicating strong investor confidence in the company. As market interest continues to amplify, TGL positions itself as a stock to watch for potential further gains.

In a pivotal move, Treasure Global has announced the acquisition of a 51% controlling stake in Tien Ming Distribution Sdn Bhd through its subsidiary, VWXYZ Venture Sdn Bhd. This strategic acquisition aligns with Treasure Global’s mission to expand its presence in the fast-moving consumer goods (FMCG) and e-commerce sectors. By leveraging an established partnership with Fraser & Neave Holdings Bhd (F&N), the company anticipates capturing approximately 10% of F&N’s notable annual sales of about USD1.16 billion, translating to an expected revenue generation of USD116 million over the next three years.

The Malaysian FMCG market is projected to experience substantial growth, anticipated to reach roughly USD159 billion by 2033, creating numerous opportunities for revenue generation through Tien Ming’s comprehensive logistics network. The integration of Treasure Global’s innovative digital technology into Tien Ming’s logistics operations is expected to enhance customer experiences across both digital and physical spheres.

CEO Carlson Thow emphasized that this acquisition is a defining moment in the company’s growth strategy, aligning operational strengths with logistics and industry expertise. The partnership not only opens avenues for revenue growth but is also designed to bolster Treasure Global’s market reach throughout Southeast Asia. As the company pursues excellence and maximizes shareholder value, it remains positioned for a promising future in the evolving landscape of digital commerce and logistics solutions.

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