Treasure Global Signs MOU to Expand Medical Supply and Pharmaceutical Distribution Across Southeast Asia

Treasure Global Inc. (NASDAQ: TGL) announced a strategic Memorandum of Understanding with Union Concept Trading Pte. Ltd. to establish medical supply and pharmaceutical distribution across Malaysia and regional markets. The collaboration leverages Treasure Global's digital commerce capabilities with Union Concept's healthcare expertise. Southeast Asia's medical device market is projected to reach $15.8 billion by 2028, with Malaysia's pharmaceutical market expected to grow to RM15.5 billion by 2027. The MOU includes a six-month exclusivity period, with definitive agreements still subject to negotiation.