Treasure Global acquires 51% controlling stake in Tien Ming Distribution

Treasure Global (TGL)announced the strategic acquisition of a 51% controlling stake in Tien Ming Distribution through its subsidiary, VWXYZ Venture. This move marks a significant expansion into Malaysia’s fast-growing fast-moving consumer goods and e-commerce markets. The acquisition positions Treasure Global to capture 10% of F&N’s annual sales, leveraging Tien Ming Distribution’s exclusive fulfillment partnership with Fraser & Neave Holdings, one of Malaysia’s largest food and beverage conglomerates. By integrating Treasure Global’s advanced digital commerce technology with F&N’s robust distribution network, the Company aims to drive substantial revenue growth and operational efficiency while strengthening its presence in the FMCG and e-commerce sectors. Treasure Global anticipates generating USD116 million in revenue over the next three years by strategically leveraging its direct participation in Fraser & Neave Holdings’s USD1.16 billion annual sales, capturing 10% of its nationwide distribution. This growth will be driven by the distribution of leading household brands, including 100PLUS, F&N SEASONS, and Magnolia, further solidifying Treasure Global’s presence in the fast-moving consumer goods sector. Additionally, the company will expand its e-commerce footprint through TM Grocer, Tien Ming Distribution’s online grocery platform, capitalizing on the rising demand for digital shopping in Malaysia. By integrating these key revenue drivers, the acquisition enhances Treasure Global’s financial outlook, strengthens its logistics and fulfillment capabilities, and accelerates long-term revenue growth in digital commerce-delivering greater value to investors. With an initial investment of RM500,000, Treasure Global plans for additional investments of up to RM3,000,000 or more, subject to future performance and strategic needs