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Nature of Business and Organization (Tables)
9 Months Ended
Mar. 31, 2025
Nature of Business and Organization [Abstract]  
Schedule of Unaudited Condensed Consolidated Financial Statements Reflect Activities of TGL

The accompanying unaudited condensed consolidated financial statements reflect the activities of TGL and each of the following entities.

 

Name   Background   Ownership

ZCity Sdn Bhd (formerly known as Gem Reward Sdn. Bhd.) (“ZCITY”)

 

 

A Malaysian company

Incorporated in June 2017

Operated O2O e-commerce platform known as ZCITY

  100% owned by TGL
VWXYZ Venture Sdn. Bhd. (“VWXYZ”) (2)  

 

A Malaysian company

Incorporated in July 2024

Holding company

  100% owned by TGL
Foodlink Global Sdn. Bhd. (“Foodlink”) (1)  

 

A Malaysian company

Incorporated in January 2023

Sub-licensing restaurant branding and selling and trading of foods and beverage products.

  100% owned by TGL
Morgan Global Sdn. Bhd. (“Morgan”) (1)  

 

A Malaysian company

Incorporated in January 2023

Sub-licensing restaurant branding and selling and trading of foods and beverage products.

  100% owned by Foodlink
AY Food Ventures Sdn. Bhd. (“AY Food”) (1)  

 

A Malaysian company

Incorporated in January 2023

Sub-licensing restaurant branding and selling and trading of foods and beverage products.

  100% owned by Foodlink

 

(1) Due to recurring loss from the operation of sub-licensing restaurant branding and the selling and trading of food and beverage products. The Company decided to dispose Foodlink and its subsidiaries. On May 24, 2024, the Company, Jeffrey Goh Sim Ik (the “Purchaser”) and Koo Siew Leng (the “Guarantor”) entered into a Share Sale and Purchase Agreement (the “Agreement”), in which the Company agreed to sell all of its equity interest in Foodlink and its subsidiaries Morgan and AY Food to the Purchaser, in exchange for a total of $148,500, of which shall be payable by the Purchaser to the Company as follows: (i) an initial deposit payable on May 24, 2024; and (ii) the balance of the purchase price payable in eight installment payments starting from May 24, 2024. The Company recognized a gain amounted to $203,333 for the year end June 30, 2024 from disposal of Foodlink and its subsidiaries. However, the disposal did not have material impact to the Company’s operations.

 

(2) VWXYZ is a holding company incorporated in July 2024, under the laws of Malaysia. As of March 31, 2025, VWXYZ has no substantive operations.