Welcome to our dedicated page for Treasure Global news (Ticker: TGL), a resource for investors and traders seeking the latest updates and insights on Treasure Global stock.
Treasure Global Inc. reports developments across its Southeast Asia–anchored technology business, including the ZCITY online-to-offline e-commerce and payment platform, customized software development, merchant digitalisation, loyalty programs, and fintech initiatives. Company news frequently covers platform engagement, e-voucher transaction activity, TAZTE technology redevelopment, OXI Wallet commercialization, and digital-asset treasury actions.
Recurring updates also include quarterly financial results, financing and capital-structure actions, board and executive leadership changes, strategic partnerships, and governance matters. The company’s announcements link operating performance to its digital ecosystem, which combines consumer rewards, merchant services, payment processing, and emerging digital-asset capabilities.
Treasure Global Inc (NASDAQ: TGL) reported significant user growth for its e-commerce app, ZCITY, achieving over 2.2 million registered users and 233,000 monthly active users as of October 31, 2022. The platform's quarterly active users increased by 35% year-over-year as of September 30, 2022, contributing to 3.9 million transactions in the fiscal year 2022. Innovations like e-vouchers and the Group Buy feature aim to enhance user engagement. CEO Sam Teo highlighted the effectiveness of the strategic marketing plan in driving user traffic and sales.
Treasure Global Inc (NASDAQ: TGL) has partnered with iPay88 to become the exclusive payment gateway for its ZCITY app and Tazte platform. This strategic agreement enhances TGL's regional expansion into Southeast Asia, including Malaysia, Indonesia, Thailand, and the Philippines. iPay88 will provide comprehensive e-commerce and retail payment solutions, facilitating recurring payments and buy now pay later options. TGL aims to capitalize on iPay88's extensive F&B merchant network to boost Tazte's user base, promoting seamless digitalization for merchants and users alike.
Treasure Global Inc (Nasdaq: TGL) announced on October 24, 2022, that it received a non-compliance notice from Nasdaq regarding the filing of its Annual Report for the fiscal year ended June 30, 2022. The report was due by September 28, 2022. Nasdaq has granted the Company 60 days to submit a compliance plan, with the expectation to file the report by March 27, 2023, if the plan is accepted. This notice does not immediately impact the trading or listing of TGL shares. The Company emphasizes ongoing efforts to complete the filing.
Treasure Global Inc (TGL) announced a delay in filing its Annual Report for the fiscal year ended June 30, 2022, primarily due to the audit process. The company is working with its audit committee and auditors to complete the report as soon as possible. Once finalized, TGL will schedule a conference call to discuss its financial results and provide a business update. As of September 2022, TGL's ZCITY app has over 2.2 million registered users, enhancing its position in the e-commerce space in Southeast Asia and Japan.
Treasure Global Inc (Nasdaq: TGL) has announced that it will report its fiscal year 2022 financial results on October 13, 2022, before market opening. The results will be followed by a conference call at 8:30 a.m. ET, featuring CEO Sam Teo and CFO Jaylvin Chan. The company's ZCITY App has over 2.1 million registered users and 2,100 merchants. TGL focuses on enhancing e-commerce through seamless payment solutions and rewards programs across Southeast Asia and Japan.
Treasure Global Inc (Nasdaq: TGL) announced that CEO Sam Teo will participate in the H.C. Wainwright 24th Annual Global Investment Conference, taking place virtually from September 12-14, 2022. His corporate presentation will be available on-demand starting September 12 at 7:00 a.m. ET for registrants. TGI is an innovative e-commerce platform from Malaysia, known for its ZCITY App, which simplifies e-payments and offers rewards. As of July 2022, ZCITY boasts over 2 million registered users and 2,100 merchants.
Treasure Global Inc (Nasdaq: TGL) closed its upsized initial public offering of 2.3 million shares at $4.00 each, raising approximately $9.2 million in gross proceeds. The stock began trading on Nasdaq on August 11, 2022. The funds will primarily enhance capitalization and financial flexibility, alongside general corporate purposes. EF Hutton served as the sole book-running manager for the offering. TGI aims to streamline payment solutions in Southeast Asia and Japan, boasting over 2 million registered users on its ZCITY app.