ESGL Holdings Limited Announces Signing of Definitive Share Purchase Agreement with De Tomaso Automobili Holdings Limited
ESGL Holdings (NASDAQ: ESGL), a carbon-neutral enviro-tech company, has announced signing a definitive share purchase agreement to acquire De Tomaso Automobili Holdings , a luxury automotive manufacturer. The acquisition will be executed through the issuance of new ESGL ordinary shares.
The strategic merger, expected to close in Q2 2025, aims to:
- Strengthen financial positioning of both entities
- Unlock long-term investor value
- Accelerate growth opportunities
- Foster collaboration and innovation
- Drive international market expansion
The transaction has received unanimous approval from both companies' directors. De Tomaso Automobili CEO Norman Choi highlighted the potential to enhance vehicle production through ESGL's low-impact manufacturing expertise, while ESGL CEO Quek Leng Chuang emphasized the partnership's role in portfolio diversification and creating new revenue streams.
ESGL Holdings (NASDAQ: ESGL), un'azienda di tecnologia ambientale a carbonio neutro, ha annunciato di aver firmato un contratto definitivo per l'acquisto di De Tomaso Automobili Holdings, un produttore di automobili di lusso. L'acquisizione sarà realizzata attraverso l'emissione di nuove azioni ordinarie ESGL.
La fusione strategica, prevista per il secondo trimestre del 2025, ha l'obiettivo di:
- Rafforzare la posizione finanziaria di entrambe le entità
- Sbloccare valore per gli investitori a lungo termine
- Accelerare le opportunità di crescita
- Favorire la collaborazione e l'innovazione
- Promuovere l'espansione nei mercati internazionali
La transazione ha ricevuto l'approvazione unanime dai direttori di entrambe le aziende. Il CEO di De Tomaso Automobili, Norman Choi, ha sottolineato il potenziale di migliorare la produzione di veicoli grazie all'esperienza di ESGL nella produzione a basso impatto, mentre il CEO di ESGL, Quek Leng Chuang, ha enfatizzato il ruolo della partnership nella diversificazione del portafoglio e nella creazione di nuove fonti di reddito.
ESGL Holdings (NASDAQ: ESGL), una empresa de tecnología ambiental neutra en carbono, ha anunciado la firma de un acuerdo definitivo de compra de acciones para adquirir De Tomaso Automobili Holdings, un fabricante de automóviles de lujo. La adquisición se llevará a cabo mediante la emisión de nuevas acciones ordinarias de ESGL.
La fusión estratégica, que se espera que se cierre en el segundo trimestre de 2025, tiene como objetivo:
- Fortalecer la posición financiera de ambas entidades
- Desbloquear valor para los inversores a largo plazo
- Acelerar las oportunidades de crecimiento
- Fomentar la colaboración y la innovación
- Impulsar la expansión en mercados internacionales
La transacción ha recibido la aprobación unánime de los directores de ambas empresas. El CEO de De Tomaso Automobili, Norman Choi, destacó el potencial para mejorar la producción de vehículos a través de la experiencia de ESGL en la fabricación de bajo impacto, mientras que el CEO de ESGL, Quek Leng Chuang, enfatizó el papel de la asociación en la diversificación del portafolio y en la creación de nuevas fuentes de ingresos.
ESGL Holdings (NASDAQ: ESGL), 탄소 중립 환경 기술 회사가 De Tomaso Automobili Holdings, 고급 자동차 제조업체를 인수하기 위한 최종 주식 매매 계약 체결을 발표했습니다. 인수는 새로운 ESGL 보통주 발행을 통해 이루어질 예정입니다.
2025년 2분기 마감이 예상되는 전략적 합병의 목표는 다음과 같습니다:
- 양측의 재무적 입지 강화
- 장기 투자자 가치를 창출
- 성장 기회 가속화
- 협력 및 혁신 촉진
- 국제 시장 확장 추진
이번 거래는 두 회사 이사회의 만장일치 승인을 받았습니다. De Tomaso Automobili의 CEO인 Norman Choi는 ESGL의 저영향 제조 전문성을 통해 차량 생산을 향상시킬 수 있는 잠재력을 강조했으며, ESGL의 CEO인 Quek Leng Chuang은 포트폴리오 다각화와 새로운 수익원 창출에서 파트너십의 역할을 강조했습니다.
ESGL Holdings (NASDAQ: ESGL), une entreprise de technologie environnementale neutre en carbone, a annoncé la signature d'un accord d'achat d'actions définitif pour acquérir De Tomaso Automobili Holdings, un fabricant automobile de luxe. L'acquisition sera réalisée par l'émission de nouvelles actions ordinaires ESGL.
La fusion stratégique, qui devrait se conclure au deuxième trimestre 2025, vise à :
- Renforcer la position financière des deux entités
- Débloquer la valeur pour les investisseurs à long terme
- Accélérer les opportunités de croissance
- Favoriser la collaboration et l'innovation
- Promouvoir l'expansion sur les marchés internationaux
La transaction a reçu l'approbation unanime des directeurs des deux entreprises. Le PDG de De Tomaso Automobili, Norman Choi, a souligné le potentiel d'amélioration de la production de véhicules grâce à l'expertise de fabrication à faible impact d'ESGL, tandis que le PDG d'ESGL, Quek Leng Chuang, a souligné le rôle du partenariat dans la diversification du portefeuille et la création de nouvelles sources de revenus.
ESGL Holdings (NASDAQ: ESGL), ein kohlenstoffneutrales Umwelttechnologieunternehmen, hat die Unterzeichnung eines endgültigen Aktienkaufvertrags zur Übernahme von De Tomaso Automobili Holdings, einem Hersteller von Luxusautomobilen, bekannt gegeben. Die Übernahme wird durch die Ausgabe neuer ESGL-Stammaktien durchgeführt.
Die strategische Fusion, die im 2. Quartal 2025 abgeschlossen werden soll, hat folgende Ziele:
- Stärkung der finanziellen Position beider Unternehmen
- Langfristigen Investorenwert freisetzen
- Wachstumsmöglichkeiten beschleunigen
- Zusammenarbeit und Innovation fördern
- Internationale Marktexpansion vorantreiben
Die Transaktion erhielt die einstimmige Genehmigung der Direktoren beider Unternehmen. Der CEO von De Tomaso Automobili, Norman Choi, hob das Potenzial hervor, die Fahrzeugproduktion durch die Expertise von ESGL in der umweltfreundlichen Fertigung zu verbessern, während der CEO von ESGL, Quek Leng Chuang, die Rolle der Partnerschaft bei der Diversifizierung des Portfolios und der Schaffung neuer Einnahmequellen betonte.
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SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL” or the “Company”), a leading carbon-neutral, innovative enviro-tech company regenerating spent industrial chemicals into sustainable circular products, and De Tomaso Automobili Holdings Limited (“De Tomaso Automobili”), a luxury automotive manufacturer, and the shareholders of De Tomaso Automobili have signed a definitive share purchase agreement, pursuant to which ESGL has agreed to acquire the entire issued share capital of De Tomaso Automobili in exchange for the issuance of newly issued ordinary shares of ESGL, subject to certain closing conditions being satisfied.
This transaction aims to enhance shareholder value and create a strategic partnership between ESGL and De Tomaso Automobili for future growth.
Strategic Highlights of the Merger:
- Enhanced Shareholder Value – The parties believe that the transaction will strengthen the financial positioning of both entities, unlocking long-term value for investors and accelerating growth opportunities.
- Strategic Partnership – The parties believe that the business combination will foster collaboration, combining expertise, resources, and global networks to drive innovation, efficiency and international market expansion.
The transaction has been unanimously approved by the directors of both companies and is expected to close in the second quarter of 2025, subject to necessary approvals and other customary closing conditions.
“By leveraging ESGL’s expertise in low-impact manufacturing, De Tomaso Automobili believes that it can enhance the production of its highly sought after vehicles while further expanding its global market presence,” comments De Tomaso Automobili CEO Norman Choi. “This partnership underscores both companies’ commitment to driving operational efficiency without compromising the craftsmanship and prestige that defines De Tomaso Automobili’s legacy.”
Quek Leng Chuang, CEO of ESGL, added, “This partnership is a strategic step toward delivering long-term value for our shareholders. By strengthening our financial positioning, diversifying our portfolio, and unlocking new revenue streams, we are setting the stage for sustained growth. This transaction accelerates our ability to scale profitably while driving value creation for all stakeholders.”
The material terms of the share purchase agreement and the transactions contemplated thereby (the “Transactions”) were publicly disclosed in a Form 6-K filed by ESGL with the Securities and Exchange Commission (“SEC”) on February 27, 2025.
About De Tomaso Automobili Holdings Limited
De Tomaso Automobili is a renowned Italian high-performance automotive brand, celebrated for iconic models like the Pantera and the P72. With a legacy spanning over 65 years, De Tomaso Automobili remains dedicated to luxury, cutting-edge design, and exceptional performance.
About ESGL Holdings Limited
ESGL Holdings Limited is a Singapore-based carbon-neutral enviro-tech company dedicated to transforming spent industrial chemicals into sustainable circular products. With a commitment to sustainable waste management solutions, ESGL is a leading player in the environmental solutions industry. ESGL conducts all its operations through its operating subsidiary incorporated in Singapore, Environmental Solutions (Asia) Pte. Ltd. For more information, including the Company’s filings with the SEC, please visit https://esgl.asia.
Investor Relations Contact:
ESGL Holdings Limited
Investor Relations Department
Email: ir@esgl.asia
Phone: +65 6653 2299
Forward Looking Statements
Certain statements in this press release may be considered to contain certain “forward-looking statements” within the meaning of “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “target,” “believe,” “expect,” “will,” “shall,” “may,” “anticipate,” “estimate,” “would,” “positioned,” “future,” “forecast,” “intend,” “plan,” “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Examples of forward-looking statements include, among others, statements made in this press release regarding ESGL’s and De Tomaso Automobili’s expectations with respect to future performance, the anticipated financial impact of the Transactions, the satisfaction of the closing conditions to the share purchase agreement and the timing of the completion of the Transactions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on ESGL management’s current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. A further list and description of risks and uncertainties can be found in documents filed with the SEC by ESGL and other documents that the Company may file or furnish with the SEC, which you are encouraged to read. Any forward-looking statement made by us in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise, except as required by law.
No Assurances
There can be no assurance that the Transactions will be completed, nor can there be any assurance, if the Transactions are completed, that the potential benefits of the Transactions will be realized.
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FAQ
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