Back 29 May 2025

H2G Green Extends Long-Stop Date for TTJ Greenfuel Acquisition to June 30, 2025

Link: https://links.sgx.com/1.0.0/corporate-announcements/P03I318O9YARY116/ca6ef7e082cf5c79a1c77864f85cec1a3ea23ee4ad2645b29393659e0d6724ad

Summary:

  • H2G Green Limited announced an update on its proposed acquisition of 100% of T T J Greenfuel Pte. Ltd.
  • The acquisition is being made by Green Energy Investment Holding Private Limited (GEIH), a 50.10%-owned subsidiary of H2G Green Limited.
  • This proposed acquisition was initiated via a sale and purchase agreement dated August 15, 2023, with T T J Holdings Limited as the vendor.
  • The parties have mutually agreed to extend the long-stop date for the satisfaction of conditions precedent.
  • The long-stop date has been extended from May 31, 2025, to June 30, 2025.
  • This extension was formalized through a third supplemental agreement dated May 29, 2025.
  • All other terms and conditions of the sale and purchase agreement remain unchanged.
  • H2G Green Limited will continue to keep shareholders informed of material developments regarding the acquisition.