EuroSports Global Limited Increases Stake in Prosper Auto to 80%—Strategic Expansion in Indonesia’s Luxury Auto Market

Key Highlights of the Announcement

• EuroSports Global Limited (SGX Catalist: 5G1) has entered into a Share Purchase Agreement (SPA) to increase its ownership in
  Prosper Auto Pte. Ltd. from 51% to 80%.
• The transaction value is S\$1.8 million, satisfied entirely by the transfer of 10 million treasury shares in EuroSports at S\$0.18 per share, instead of cash.
• This move aligns with the refreshed Lamborghini Jakarta showroom launch, reflecting EuroSports’ commitment to Indonesia’s high-potential luxury automobile market.

Details of the Transaction

• Date of SPA: 13 November 2025.
• Sellers: Eden Capital Pte. Ltd., selling 145,029 ordinary shares of Prosper Auto.
• Consideration: S\$1.8 million via 10 million treasury shares (S\$0.18/share).
• Post-transaction Shareholding: EuroSports Global will own 80% of Prosper Auto.

Strategic Rationale: What Investors Need to Know

1. Stronger Alignment & Greater Control:
   
   Increasing its stake to 80% allows EuroSports to strengthen its strategic control and alignment with Prosper Auto’s operations, supporting the Group’s long-term vision and operating standards.
2. Confidence in Indonesia’s Growth:
   
   Management has expressed strong confidence in Indonesia’s luxury automobile and after-sales market, citing long-term growth prospects. This move reaffirms EuroSports’ intention to capture future value in a key emerging market.
3. Efficient Use of Capital:
   
   The acquisition is fully funded through treasury shares rather than cash, preserving liquidity and improving the Group’s financial flexibility. This use of non-cash consideration boosts the Group’s net asset value (NAV) per share.
4. Positive Financial Impact:
   
   The Board expects the deal to favourably impact NAV per share, net tangible assets (NTA) per share, and profit/loss per share—key metrics for shareholder value.

Timing and Market Commitment

The transaction coincides with the grand opening of the refreshed Lamborghini Jakarta showroom (Mtan Building Gf 5, Jl.Kapten Tendean No. 20 C Kuningan South, Jakarta), a move that further solidifies EuroSports’ brand presence and enhances customer experience in Indonesia. This new showroom is set to support Prosper Auto’s growth and reinforces EuroSports’ strategic focus on the region.

Management Commentary

“This increase in our stake in Prosper Auto is more than a financial transaction — it reflects our unwavering confidence in Indonesia’s luxury auto market and our long-term commitment to the region,” said Melvin Goh, Executive Chairman and CEO of EuroSports.
“By aligning more closely with Prosper Auto, we are better positioned to execute our growth plans, enhance customer experience, and deliver value to our shareholders.”

Regulatory and Next Steps

• Completion is subject to: customary closing conditions, regulatory approvals, and execution of relevant documents.
• The Board will continue to update shareholders in line with SGX Catalist disclosure requirements.
• The transaction is classified as a disclosable transaction under Chapter 10 of the SGX Catalist Rules, highlighting its potential impact on the company.

About Prosper Auto and EuroSports Global

Prosper Auto Pte. Ltd. has been the exclusive representative of Automobili Lamborghini in Indonesia since 2018, delivering excellence, innovation, and Italian craftsmanship to the local luxury auto market.

EuroSports Global Limited (established in 1998) specialises in the distribution of ultra-luxury and luxury automobiles, after-sales services, and is the sole authorised Lamborghini dealer in Singapore (since 2002) and Indonesia (since 2018). EuroSports also holds distributorships for Touring Superleggera in Singapore, Malaysia, Brunei, Indonesia, and is a non-exclusive distributor in the PRC. The Group is developing a next-generation, fully electric motorcycle through its subsidiary, Scorpio Electric Pte. Ltd.

Shareholder Relevance & Price Sensitivity

• The use of treasury shares for this acquisition is both non-dilutive and liquidity-conserving, which may positively influence share value.
• The increased stake in a profitable, high-potential subsidiary in an emerging market could strengthen earnings visibility and enhance the Group’s financial profile.
• The transaction’s timing with the Lamborghini Jakarta showroom launch signals strategic commitment and potential for accelerated growth in Indonesia, a key market for luxury automotive brands.

Contact for Further Information

Andy Liam
Marketing Manager
Email: [email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult their own advisors before making investment decisions. The information is based on the latest announcements and may be subject to change as further regulatory filings and developments occur.

View EuroSports Gbl Historical chart here