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Telegram营销:Malaysia's Treasure Global closes Nasdaq IPO

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FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City

KUALA LUMPUR: Malaysia’s e-commerce platform company Treasure Global Inc today announced the closing of its upsized initial public offering (IPO) of 2.30 million shares of its common stock at a public offering price of US$4 per share, for aggregate gross proceeds of about US$9.2 million. (US$1=RM4.45)

The company said its common stock began trading on the Nasdaq capital market on Aug 11, 2022, under the symbol "TGL”.

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"The company intends to use the net proceeds from the offering primarily to increase its capitalisation and financial flexibility, in addition to working capital and general corporate purposes,” said Treasure Global in a statement.

EF Hutton, a division of Benchmark Investments, LLC acted as the sole book-running manager for the offering.

TGI is a Malaysian e-commerce platform providing seamless payment solutions for consumers and merchants with instant rebates and affiliate cashback programmes. - Bernama


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  • 2022-10-30 00:36:40

    “To understand the real underlying dynamics of the Malaysian economy, we have to focus on the quarter-on-quarter (q-o-q) percentage change to see if there is any positive momentum or traction in the economy in the second quarter and in the following quarters and to understand the coming phase of the economy,” they added.谁猜一猜结局