EuroSports Global Limited Announces Extension of Closing Date for Increased Stake in Prosper Auto Pte. Ltd.
EuroSports Global Limited (the “Company”), a Singapore-incorporated entity, has released a significant update regarding its proposed transaction to increase its shareholding in Prosper Auto Pte. Ltd. This follows the Company’s previous announcement on 13 November 2025, where it disclosed plans to acquire a larger stake in Prosper Auto.
Key Highlights from the Announcement
- The Company and Eden Capital Pte. Ltd. have mutually agreed to extend the deadline for satisfying (or waiving) the conditions precedent in the Share Purchase Agreement.
- The new closing date for the completion of the transaction is now 11 December 2025, giving both parties additional time for administrative arrangements related to the transfer of shares.
- This extension specifically concerns the transfer of the Prosper Auto Sale Shares and Sale Treasury Shares.
- The Company has reaffirmed its commitment to keeping shareholders updated and will continue to release further announcements in accordance with its ongoing disclosure obligations.
Potentially Price-Sensitive Information for Shareholders
- This announcement pertains to a potential increase in the Company’s shareholding in Prosper Auto Pte. Ltd., which could be material to the Company’s future earnings and strategic direction.
- The extension of the closing date may impact the timeline for the completion of the transaction, which could in turn affect investor sentiment and the share price.
- Shareholders and potential investors are strongly advised to exercise caution when dealing in the Company’s securities until further updates are provided on the progress of the transaction.
- Investors are encouraged to consult their stockbrokers, bank managers, solicitors, or other professional advisors if they are uncertain about the implications of this development or how to proceed with their holdings in EuroSports Global Limited.
Additional Details
- The extension was formalized in writing on 27 November 2025 by both EuroSports Global Limited and Eden Capital Pte. Ltd.
- The announcement was issued by Goh Kim San (Executive Chairman and Chief Executive Officer) and Goh Kim Hup (Executive Director and Deputy Chief Executive Officer).
- The Company’s sponsor, RHT Capital Pte. Ltd., has reviewed this announcement. However, it has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST), which assumes no responsibility for its contents.
- For further queries, the designated contact person at RHT Capital Pte. Ltd. is Mr. Mah How Soon (Email: [email protected]).
Implications for Investors
The extension in the transaction timeline is a key development that shareholders should monitor closely. The completion of the shareholding increase in Prosper Auto Pte. Ltd. could have strategic and financial implications for EuroSports Global Limited, potentially affecting its earnings profile, business operations, and ultimately its share price. Any delays or changes to the terms of the transaction could also influence market perception and valuation.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making any investment decisions. The information herein is based on official company disclosures as of 27 November 2025 and is subject to change.
View EuroSports Gbl Historical chart here
