TREASURE ASA NK 1

Treasure Global has launched a digital-asset treasury and invested about $176,000 in Ethereum in an initial tranche, with the possibility of expanding the allocation to up to roughly $100 million depending on market conditions. The company appointed BitGo for custody and wallet infrastructure and emphasizes using digital assets as a complementary balance-sheet strategy alongside its core business. Treasure Global cited risks in volatile crypto markets, custody and security issues, and changing regulatory frameworks; investors are also watching upcoming quarterly results amid a high cash burn rate and falling market capitalization. » Mere på de.investing.com

Treasure Global announced the immediate resignation of CEO Carlson Thow; Thow will remain a member of the board. The board appointed Chong Chan Teo as interim CEO, effective 1 April; Teo previously served as CEO from July 2020 to June 2024 and is currently Executive Director and Head of Operations. Teo will receive a monthly salary of 22,000 RM. The company also reported the completion of its Equity Line Facility with Alumni Capital, without penalty payments or further issuances. » Mere på de.investing.com

Treasure Global has received a reprimand from NASDAQ for holding its annual general meeting late, though this currently does not affect its listing. The company is planning a $100 million digital asset initiative and is preparing to launch an AI-powered consumer intelligence platform. Additionally, See Wah "Sylvia" Chan has been appointed as the new chief financial officer. » Mere på de.investing.com