Treasure Global agrees to sell 1,300,000 V Gallant shares for USD 5.2 million in milestone payments
TGL•Payment schedule for V Gallant shares
For V Gallant, Treasure Global agreed to sell 1,300,000 shares for USD 5.2 million.
The payments will be USD 144,444 monthly for 35 months, with a final payment of USD 144,460.
Payment schedule for Reveillon shares and escrow terms
For Reveillon, Treasure Global agreed to sell 700,000 shares for USD 1.4 million.
The payments will be USD 38,888 monthly for 35 months, with a final payment of USD 38,920.
The shares will remain in escrow as security until they are fully paid. If the buyer defaults, paid amounts are forfeited. If the company defaults, a refund is required.
Treasure Global agrees to sell V Gallant and Reveillon stakes
Treasure Global signed two sale and purchase agreements to sell escrowed stakes in V Gallant Limited and Reveillon Group Limited.
The deals have a combined value of , payable in starting .
