[Kuala Lumpur, October 1] – TG Investment Ltd (TGI), a subsidiary of NTG, is pleased to announce its investment of a 5.1% equity stake in AppAsia Berhad, a Bursa Malaysia-listed company. The investment was made through European Credit Investment Bank (ECIB), marks TGI’s entry into Malaysia’s fast-growing digital and e-commerce sector, further diversifying its portfolio across high-potential industries.
AppAsia Berhad is a leading digital and e-commerce solutions provider in Southeast Asia, focusing on innovative technologies and services in digital media, cloud solutions, and cybersecurity. The investment aligns with TGI’s vision to support businesses that drive technological advancement and digital transformation in key markets.
This latest move reflects TGI’s ongoing strategy of investing in dynamic sectors poised for growth. By invest in a significant stake in AppAsia, TGI aims to tap into the digital economy’s rapid expansion while contributing to the company’s growth and strategic objectives.
About TGInvestment Limited (TGI):
TGInvestment Limited (TGI), registered on August 2, 2023, is an investment holding company focused on diversified investment opportunities in sectors such as biotechnology, new energy, and digital technology. As a subsidiary of NTG, TGI’s mission is to drive growth and expansion through strategic mergers and acquisitions, helping its portfolio companies achieve independent listings.
About AppAsia Berhad:
AppAsia Berhad is a Bursa Malaysia-listed company providing digital solutions and services, with a strong focus on e-commerce, digital media, and cybersecurity. The company is dedicated to advancing digital transformation and enhancing the technological capabilities of businesses in Southeast Asia.
