Treasure Global Inc. (NASDAQ: TGL) shares fell hard Thursday. The Southeast Asia–anchored technology company focused on AI-powered enterprise solutions and digital transformation, today announced that it has been awarded a US$15 million contract by Creative World Industries Sdn Bhd to develop and deploy an enterprise-grade Social Listening AI System. The engagement marks a significant step in the Company’s transition toward higher-value, AI-driven enterprise revenue streams.
Creative World Industries is a Malaysia-based technology and infrastructure solutions company incorporated in 2001 with experience delivering large-scale government digital systems, including land administration and cadastral data platforms. The company provides software and ICT infrastructure solutions across multiple sectors and operates municipal service contracts in public services.
The agreement carries a total contract value of US$15 million and strengthens Treasure Global’s revenue diversification strategy by expanding its presence beyond its core digital ecosystem into scalable enterprise technology solutions.
“It reflects,” to quote this morning’s news release, “accelerating demand for AI systems that convert large-scale digital data into actionable business intelligence across consumer brands, financial services, telecommunications, healthcare, and public sectors, reinforcing the Company’s position in a rapidly expanding global AI market driven by real-time decision intelligence adoption.”
TGL shares plummeted 43 cents, or 8.2%, to $4.76.
