Treasure Global to issue escrow shares in RM2.4 million Malaysian hotel company share sale
Treasure Global signed a Shares Sale Agreement dated October 16, 2026, under which Tadaa Capital Sdn. Bhd. would acquire all shares of Platinum Recognition Sdn. Bhd., the company that operates De Elements Business Hotel Kuala Lumpur, for RM2,400,000. The 90% balance of the price is to be paid through an escrow arrangement in which TGL common stock is issued and later sold, so the deal could add TGL shares to the market, though the filing does not state the number of shares or their dollar value.
Key points
- Purchase price for all 400,000 PRSB shares is RM2,400,000; RM240,000 (10%) is a deposit, and the RM2,160,000 (90%) balance is payable through the Escrow Realisation Payment Scheme.
- Escrow Agent to be issued TGL common stock within five Business Days of the Unconditional Date; the number is computed under the Escrow Agreement and not stated in the filing.
- Escrow shares are subject to a six-month trading restriction, and the Escrow Realisation Period runs eight months from the Unconditional Date.
- Agreement dated October 16, 2026; the Long-Stop Date for conditions precedent is September 30, 2026, unless the parties agree otherwise in writing.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.