ESGL Holdings Limited (NASDAQ: ESGL) Announces Strategic MOU with De Tomaso Automobili Holdings Limited and PT Buana Megawisatama to Explore a Carbon-Neutral Luxury Race Circuit in Bintan, Indonesia

Rhea-AI Summary

ESGL Holdings (NASDAQ: ESGL) announced a non-binding Memorandum of Understanding dated November 26, 2025 with De Tomaso Automobili and PT Buana Megawisatama to explore a carbon-neutral luxury race circuit in Bintan, Indonesia.

The exploratory MOU contemplates integrating ESA’s circular and low-carbon technologies, De Tomaso’s luxury automotive design, and PBM’s land and development expertise within Bintan Resorts. The parties will assess sustainable construction materials, circular manufacturing, motorsport and experiential design, regulatory and environmental feasibility, and land/infrastructure considerations. No party is obligated to proceed without definitive agreements.

News Market Reaction

+2.37%

1 alert

+2.37% News Effect

On the day this news was published, ESGL gained 2.37%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Private placement capacity: 37,500,000 ordinary shares Placement price: US$0.80 per share First closing proceeds: $300,000 +5 more

8 metrics

Private placement capacity 37,500,000 ordinary shares Maximum issuable under January 17, 2025 Share Purchase Agreement

Placement price US$0.80 per share Price per share in private placement agreement

First closing proceeds $300,000 Gross proceeds from 375,000 shares on January 18, 2025

Subsequent proceeds $1,200,000 Gross proceeds from 1,500,000 shares between Apr 23–Nov 21, 2025

Working capital allocation 20% of net proceeds Planned use of private placement net proceeds

M&A allocation 80% of net proceeds Planned use of private placement net proceeds for M&A

E-waste market size US$20.76 billion Global precious metals e-waste recovery market value in 2024

52-week range $0.90–$4.32 ESGL 52-week low and high before this news

Market Reality Check

Price: $3.83 Vol: Volume 2,949 vs 20-day av...

low vol

$3.83 Last Close

Volume Volume 2,949 vs 20-day average 7,577 (volume_relative 0.39) indicates below-normal activity before this news. low

Technical Price at 4.00 is trading above the 200-day MA of 2.86, and within 7.41% of the 52-week high 4.32.

Peers on Argus

Peers showed mixed moves: ABAT up 6.75%, PESI and LNZA modestly positive, while ...

Peers showed mixed moves: ABAT up 6.75%, PESI and LNZA modestly positive, while NVRI and QRHC were slightly negative, suggesting today’s setup for ESGL was stock-specific rather than a broad waste-management move.

Historical Context

5 past events · Latest: Nov 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 26	Strategic MOU	Positive	+2.4%	Non-binding MOU to explore carbon-neutral luxury race circuit in Bintan.
Oct 08	Patent filing	Positive	+0.5%	Provisional patent for precious-metal recovery from acidic semiconductor waste.
Sep 08	Merger extension	Positive	-1.9%	Extended ESGL–De Tomaso merger deadline to October 31, 2025.
Sep 02	Patent filing	Positive	+8.2%	Patent application for converting hydrofluoric acid waste to fluorspar.
Jun 13	Deal approval	Positive	-0.8%	Shareholders approved all proposals for business combination with De Tomaso.

Pattern Detected

News on patents and sustainability technology has coincided with positive moves, while corporate transaction milestones have sometimes seen negative reactions.

Recent Company History

Over the past six months, ESGL has focused on sustainable technology and its strategic combination with De Tomaso. Patent-related updates on hydrofluoric waste recycling and precious-metal recovery showed positive reactions of 8.21% and 0.5%. Transaction-related items, including shareholder approval of the De Tomaso business combination and later extension of the merger deadline to December 31, 2025, saw modest declines. The current MOU on a carbon-neutral luxury race circuit fits the theme of aligning circular technologies with De Tomaso’s automotive platform.

Market Pulse Summary

This announcement details a non-binding MOU among ESGL, De Tomaso, and PT Buana Megawisatama to expl...

Analysis

This announcement details a non-binding MOU among ESGL, De Tomaso, and PT Buana Megawisatama to explore a carbon-neutral luxury race circuit in Bintan. It extends ESGL’s theme of applying circular and low-carbon technologies beyond traditional waste management. The initiative follows recent patent activity and ongoing steps toward a business combination with De Tomaso. Investors may watch for any definitive agreements, project feasibility findings, and updates on capital deployment from prior private placements.

Key Terms

memorandum of understanding, circular economy, private placement, section 4(a)(2) exemption, +2 more

6 terms

memorandum of understanding regulatory

"today announced the signing of a non-binding Memorandum of Understanding"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

circular economy technical

"This initiative supports ESGL’s mission to advance circular economy solutions"

A circular economy is a way of designing and using products so that materials are reused, repaired, or recycled rather than discarded as waste. It mimics natural systems where resources are continually reused, reducing environmental impact and conserving resources. For investors, it represents an opportunity to support sustainable businesses that focus on efficiency and long-term resource management.

private placement financial

"reports progress on a previously agreed private placement with accredited investors"

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

section 4(a)(2) exemption regulatory

"The shares were sold in a private placement relying on the Section 4(a)(2) exemption"

A Section 4(a)(2) exemption is a U.S. securities-law rule that allows a company to sell shares privately without filing the full public registration paperwork, provided the sale is limited and made to informed buyers. For investors this matters because privately bought shares often have less public information, limited resale options and greater risk — similar to buying a custom-made item from a craftsman rather than a product stocked on a store shelf.

hydrofluoric acid medical

"technology that converts hazardous hydrofluoric acid waste into Metallurgical-Grade Fluorspar"

A highly corrosive industrial chemical that can dissolve glass, eat metal and burn skin on contact; think of it as a far stronger, much more dangerous version of household acid cleaners. It matters to investors because companies that use, store or transport it face strict safety rules, cleanup and liability costs, potential shutdowns and supply-chain risks, so its presence can affect regulatory compliance, operating expenses and a firm’s reputation.

metallurgical-grade fluorspar technical

"converts hazardous hydrofluoric acid waste into Metallurgical-Grade Fluorspar"

Metallurgical-grade fluorspar is the mined mineral form of calcium fluoride used chiefly as a flux in metal processing—added during steel, aluminum and other heavy-industry production to lower melting temperatures and help remove impurities. Investors pay attention because its supply and price feed directly into the cost and reliability of large-scale manufacturing; think of it as a small but essential ingredient—like salt in a recipe—whose shortage or price swings can raise costs and squeeze profit margins.

AI-generated analysis. Not financial advice.

SINGAPORE, Nov. 26, 2025 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL) (“ESGL”), through its wholly owned subsidiary Environmental Solutions (Asia) Pte Ltd (“ESA”), today announced the signing of a non-binding Memorandum of Understanding (“MOU”) with De Tomaso Automobili Holdings Limited and PT Buana Megawisatama (“PBM”) to jointly explore the feasibility of developing a carbon-neutral luxury race circuit in Bintan, Indonesia.

The concept of the MOU seeks to integrate:

• ESA’s circular and low-carbon technologies,
• De Tomaso’s heritage luxury automotive design, and
• PBM’s strategic land position and development expertise within Bintan Resorts,
  
  

potentially positioning Bintan as a future hub for sustainable mobility and high-end automotive experiences.

This MOU is strictly exploratory and non-binding, and no party is obligated to proceed unless formal, definitive agreements are executed.

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A Strategic Collaboration at the Intersection of Sustainability, Luxury Automotive, and Regional Infrastructure Development

Under the MOU, the Parties intend to examine:

• Sustainable construction materials and circular manufacturing technologies
• Conceptual motorsport and experiential automotive design
• Commercial, environmental, and regulatory feasibility
• Land and infrastructure considerations within Bintan Resorts
• High-level, non-binding partnership and development frameworks
  
  

This initiative supports ESGL’s mission to advance circular economy solutions across new sectors, including experiential mobility and low-carbon infrastructure.

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Executive Commentary

Frans Gianto Gunara, Executive Director of PT Buana Megawisatama, said:
“Bintan has been a regional tourism and investment gateway for decades. We welcome the opportunity to evaluate this concept and understand its potential impact for the region.”

Lawrence Law, Executive Director of ESA, added:
“This collaboration allows us to explore how circularity and sustainability can be integrated into next-generation experiential mobility. We see an opportunity to evaluate how low-carbon technologies could enhance a new kind of automotive destination.”

Norman Choi, Chairman of De Tomaso Automobili Holdings Limited, commented:
“De Tomaso has always championed craftsmanship, emotion, and heritage. Exploring this concept alongside ESGL and PBM in Southeast Asia aligns meaningfully with our long-term vision.”

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About ESGL Holdings Limited

ESGL Holdings Limited (NASDAQ: ESGL) is a Singapore-based circular economy innovator committed to reducing carbon emissions for industries across Asia. ESGL conducts all its operations through its operating entity incorporated in Singapore, Environmental Solutions (Asia) Pte. Ltd. For more information, including the Company’s filings with the SEC, please visit https://esgl.asia.

ESGL and De Tomaso Automobili Holdings Limited are currently progressing through the steps of an announced business combination, which remains subject to customary closing conditions and approvals. There is no assurance that the transaction will be completed.

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About De Tomaso Automobili Holdings Limited

De Tomaso Automobili Holdings Limited represents one of Italy’s most iconic luxury automotive marques, with a heritage dating back to 1959. Revived with an emphasis on craftsmanship, coachbuilding, and ultra-exclusive performance vehicles, De Tomaso continues to merge design, innovation, and tradition at the highest levels of automotive excellence.

De Tomaso Automobili Holdings Limited and ESGL are currently progressing through the steps of an announced business combination, which remains subject to customary closing conditions and approvals. There is no assurance that the transaction will be completed.

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About PT Buana Megawisatama (PBM)

PT Buana Megawisatama (PBM) is the land owner of key parcels within Bintan Resorts and a strategic subsidiary of Singapore-listed Gallant Venture Ltd, the master planner and developer of Bintan and Batam. PBM plays a central role in the long-term development of the Bintan Resorts masterplan, with experience in resort land management, commercial and residential land sales, and integrated tourism development across the Lagoi Bay area. Leveraging its strong land-use authority and development expertise within the Gallant ecosystem, PBM is a credible and well-positioned partner for large-scale destination and infrastructure projects in Bintan.

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About Gallant Venture Ltd

Gallant Venture Ltd is a Singapore-listed investment holding company backed by Indonesia based Salim Group. Gallant Venture develops and manages large-scale industrial, commercial, and tourism assets across the Riau Archipelago, including Batamindo Industrial Park, Bintan Industrial Estate, and Bintan Resorts through its subsidiaries.

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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. 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 Securities and Exchange Commission (“SEC”) by ESGL and other documents that we 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.

Investor Relations Contact: ESGL Holdings Limited Investor Relations Department Email: ir@esgl.asia Phone: +65 6653 2299

FAQ

What did ESGL (ESGL) announce on November 26, 2025 about Bintan?

ESGL announced a non-binding MOU with De Tomaso and PT Buana Megawisatama to explore a carbon-neutral luxury race circuit in Bintan, Indonesia.

What are the main goals of the ESGL, De Tomaso, and PBM MOU for Bintan?

To assess sustainable construction, circular manufacturing, experiential motorsport design, environmental and regulatory feasibility, and land/infrastructure at Bintan Resorts.

Does the November 26, 2025 ESGL MOU obligate the companies to build the race circuit?

No. The MOU is exploratory and non-binding; no party is obligated to proceed without definitive agreements.

How could ESGL’s technologies be used in the proposed Bintan race circuit?

The MOU contemplates integrating ESA’s circular and low-carbon technologies into construction and operational systems to support a low-carbon facility.

What timeline or next steps did ESGL provide for the Bintan feasibility work?

The announcement describes high-level feasibility and conceptual assessments only and does not provide a specific timeline or binding next steps.

What potential investor considerations arise from ESGL’s MOU with De Tomaso and PBM?

Investors should note the MOU is non-binding, exploratory, and contains no financial commitments, so material impacts depend on future definitive agreements.