H2G Green Limited Provides Significant Update on Proposed Acquisition of T T J Greenfuel Pte. Ltd.

H2G Green Limited (“the Company”), together with its group of subsidiaries (“the Group”), has released a detailed update regarding its proposed acquisition of T T J Greenfuel Pte. Ltd. This transaction, which has been in progress since August 2023, continues to be a focal point for investors and stakeholders due to its potential to significantly impact the Company’s future growth profile and share value.

Key Highlights of the Update

• Acquisition Details: The Group, through its 50.10%-owned subsidiary Green Energy Investment Holding Private Limited (“GEIH”), intends to acquire 100% of the issued and paid-up shares in T T J Greenfuel Pte. Ltd. The acquisition is being conducted pursuant to a Sale and Purchase Agreement (SPA) originally dated 15 August 2023 and subsequently amended several times during 2024 and 2025.
• Shareholder Approval: Approval for the acquisition was secured at the extraordinary general meeting (EGM) held on 25 April 2024, marking a significant milestone and demonstrating shareholder support for the transaction.
• Regulatory Consent: A major condition precedent was met when JTC Corporation, Singapore’s statutory board overseeing industrial land, provided its consent for the acquisition via a letter dated 8 January 2026. This regulatory approval is critical for the completion of the transaction.
• Completion Process: GEIH is currently working with legal counsels and the Vendor (T T J Holdings Limited) to finalize the required documentation for completion. Notably, one of the documents required for completion will necessitate additional shareholder approval, indicating further shareholder engagement may be needed.
• Possible Extension: If the acquisition process extends beyond 31 January 2026, the Company has committed to providing timely updates on any further developments.

Potential Price-Sensitive Information for Shareholders

• Regulatory Milestone Achieved: The receipt of JTC’s consent is a key regulatory hurdle cleared, potentially accelerating the completion of the acquisition and strengthening the Group’s strategic position in the green energy sector.
• Further Shareholder Involvement: The requirement for another round of shareholder approval may introduce new terms or conditions to the SPA. Investors should closely monitor subsequent announcements as changes could directly impact the valuation and risk profile of the transaction.
• Completion Timeline Uncertainty: The Company has flagged the possibility of delays beyond January 2026, which could affect investor sentiment and share price due to prolonged uncertainty.
• Frequent Updates Promised: Given the complexity and protracted nature of the deal, the Company will continue to provide material updates, offering transparency but also underscoring the ongoing risks and variables that could impact the final outcome.

Shareholder Guidance and Caution

The Board has advised shareholders and potential investors to exercise caution when dealing in the shares of the Company. Due to the evolving nature of the transaction and possible changes to the SPA, professional advice is recommended if there are uncertainties regarding investment actions.

Conclusion

The proposed acquisition of T T J Greenfuel Pte. Ltd. is a transformative transaction for H2G Green Limited that could materially impact its business trajectory and share value. Investors should pay close attention to further announcements, especially regarding any additional shareholder approvals, regulatory developments, and timeline extensions. The deal’s outcome remains subject to several conditions, and any new developments could be price-sensitive.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are urged to consult with their financial advisers, legal counsels, or other professional advisers before making any investment decisions. The information presented is based on company disclosures and may be subject to change as further updates are released.

View H2G Green Historical chart here