Treasure Global entered into a Share Sale Agreement to acquire 80% of Cigar Secret for RM2.5 million (about US$612,000). The deal includes a RM2.25 million deposit at signing and a RM250,000 balance, with closing subject to due diligence, approvals, capitalization, and no material adverse change by Aug 31, 2026 (with a possible 60-day extension). Upon completion, Treasure Global will gain majority control and board appointment rights. The deposit may be settled in company shares via an escrow sale scheme after a six-month restriction.
Agreement details:
- Agreement type: Share Sale Agreement to acquire 80% of Cigar Secret for RM2.5 million
- Counterparty: Cigar Secret
- Signed / Effective: Jul 20 2026 / same
- Reason: Expand into tobacco retail and distribution in Malaysia
Original SEC Filing:
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