H2G Green Limited Announces Receipt of Balance Consideration for Asset Disposal by P5 Pte. Ltd.
H2G Green Limited Receives Balance Consideration for Major Asset Disposal by Subsidiary P5 Pte. Ltd.
Key Highlights
- H2G Green Limited (the “Company”) has announced the receipt of the balance consideration for the disposal of certain assets by its indirect wholly-owned subsidiary, P5 Pte. Ltd. (“P5”).
- The assets were disposed to Molteni Singapore Pte. Ltd., a wholly-owned subsidiary of Molteni Group S.p.A., under a previously announced Sale and Purchase Agreement (“SPA”).
- This transaction is the culmination of a process that has been reported in a series of announcements dating from 23 May 2025 through 2 January 2026.
Details of the Transaction
The Board of Directors of H2G Green Limited updated that the balance of the consideration for the asset disposal has now been fully paid by the Purchaser, Molteni Singapore Pte. Ltd., in accordance with the terms set out in the SPA. The completion of this payment marks the final step in the disposal of the specified assets by P5 Pte. Ltd.
The transaction involved multiple key milestones and regular updates to shareholders, reflecting the significant nature of the asset disposal. The asset sale process was first announced on 23 May 2025, with subsequent updates provided on 11 September 2025, 10 October 2025, 10 November 2025, 4 December 2025, 30 December 2025, and 2 January 2026.
Importance to Shareholders
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Completion of Payment: The full receipt of the balance consideration signifies that the Company has successfully monetized the relevant assets, potentially strengthening its financial position.
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Potential Price Sensitivity: The successful completion of this transaction could be price sensitive and may impact the share value of H2G Green Limited, as it demonstrates the Company’s ability to execute strategic asset disposals and improve its cash flow.
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Ongoing Strategic Developments: The disposal aligns with the Company’s ongoing strategy to streamline its operations and focus on its core business areas.
Next Steps and Corporate Governance
The announcement has been reviewed by the Company’s sponsor, RHT Capital Pte. Ltd., but has not been examined or approved by the Singapore Exchange Securities Trading Limited. The Exchange assumes no responsibility for the contents of this document.
For further queries, the sponsor contact is Mr. Joseph Au, located at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: [email protected].
Conclusion
The completion of this transaction and the receipt of the full balance consideration could be a significant positive development for H2G Green Limited and its shareholders. Investors are advised to monitor further announcements from the Company regarding the utilization of proceeds and future strategic directions.
Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The Singapore Exchange Securities Trading Limited assumes no responsibility for the contents of this announcement.
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