Eurosports Global Limited Announces Further Extension of Closing Date for Proposed Investment in Prosper Auto Pte. Ltd.

Key Points of the Announcement

• Extension of Closing Date: Eurosports Global Limited (“the Company”) and Eden Capital Pte. Ltd. have agreed to further extend the closing date for the proposed increase of shareholding in Prosper Auto Pte. Ltd.
• New Deadline: The satisfaction (or waiver) of the conditions precedent in the Share Purchase Agreement has been extended to 30 December 2025.
• Reason for Extension: The delay is attributed to the processing of the transfer of Sale Treasury Shares to Eden Capital Pte. Ltd.
• Commitment to Completion: Both parties have affirmed their commitment to completing the transfers of Prosper Auto Sale Shares and Sale Treasury Shares as stipulated in the Share Purchase Agreement.
• Ongoing Updates: The Company will continue to update shareholders on the progress and any developments related to the proposed transactions in accordance with its continuing disclosure obligations.

Important Considerations for Shareholders and Investors

• Price Sensitivity: The extension of the closing date and the underlying delay in share transfers may be considered price sensitive information. The successful completion (or further delay) of this transaction could impact the Company’s strategic position and consequently affect share value.
• Uncertainty: While the Company has reiterated its intention to complete the transaction, delays in corporate actions such as share transfers can introduce uncertainty and affect investor sentiment.
• Advisory: Shareholders and potential investors are strongly advised to exercise caution when trading the Company’s securities. If in doubt, they should consult their stockbrokers, bank managers, solicitors, or other professional advisors.

Detailed Breakdown of the Announcement

On 11 December 2025, Eurosports Global Limited announced that it had reached a written agreement with Eden Capital Pte. Ltd. to extend the closing date for satisfying or waiving conditions precedent in their Share Purchase Agreement. The new deadline is set for 30 December 2025. This extension was necessitated by a delay in processing the transfer of Sale Treasury Shares to Eden Capital.

Despite this delay, both Eurosports Global and Eden Capital have confirmed their intent to proceed with the transfer of Prosper Auto Sale Shares and Sale Treasury Shares according to the terms previously agreed upon. The outcome of these transfers is critical to the Company’s proposed increase in shareholding in Prosper Auto Pte. Ltd., a move that may have implications for the Company’s future business direction and financial performance.

The Company has assured shareholders that regular updates will be provided to keep the market informed of any material developments concerning the transaction. This is in line with its regulatory obligations and commitment to transparency.

Contact Information

For further queries regarding this transaction or the Company’s ongoing corporate actions, the contact person for the Sponsor is Mr Mah How Soon, Registered Professional, located at 36 Robinson Road, #10-06 City House, Singapore 068877. He can be reached via email at [email protected].

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors are urged to consult with their financial advisors or other professionals before making any investment decisions related to Eurosports Global Limited. The information contained herein is based on the latest company announcement and is subject to change without notice. Trading in securities involves risks, including the risk of losing your investment.

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