Treasure Global Signs MOU for $38M Acquisition of Smart Water Metering Company

Key Facts

1Treasure Global signed an MOU to acquire a 51% controlling stake in a smart water metering company.

2The proposed cash acquisition is valued at US$38 million.

3The acquisition aims to expand the company's footprint into AI-enabled smart utility infrastructure.

Treasure Global signed a memorandum of understanding to acquire a 51% controlling stake in a smart water metering company. GlobeNewswire reported that the proposed cash acquisition is valued at US$38 million. The acquisition aims to expand the company's footprint into AI-enabled smart utility infrastructure.

TGL closed at $2.13 on September 25, 2026, with the stock trading between a day low of $2.06 and a high of $2.17 during that session. The transaction aligns with the company's strategy to diversify its technology portfolio beyond digital payments and enterprise AI solutions.