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

Key Highlights from the Latest Announcement

• Extension of Long-Stop Date: H2G Green Limited (“the Company”) has announced a further extension of the long-stop date for the satisfaction or waiver of conditions precedent under the Sale and Purchase Agreement (“SPA”) regarding the proposed acquisition of T T J Greenfuel Pte. Ltd. The new long-stop date is now set to 28 February 2026, extended from the previous date of 31 January 2026. The completion date must now occur no later than this new deadline, unless further extension is mutually agreed in writing.
• Revised JTC Consent Letter Received: The Company has received a revised consent letter from JTC Corporation dated 23 January 2026, which supersedes an earlier letter dated 8 January 2026. The Vendor, T T J Holdings Limited, has accepted the terms of this updated consent. This consent is a key regulatory component for the acquisition.
• Ongoing Documentation and Legal Review: Green Energy Investment Holding Private Limited (“GEIH”), a 50.10%-owned subsidiary of H2G Green Limited and the acquiring entity, is actively working with legal counsels and the Vendor to finalize all required documentation for the completion of the deal. Discussions are ongoing to vary certain SPA terms, specifically concerning a document that will require shareholders’ approval.
• Further Announcements Expected: The Company has committed to keep shareholders informed and will provide updates should there be any further material developments, especially if another extension beyond 28 February 2026 becomes necessary.
• Cautionary Statement: Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares, given the pending completion and associated regulatory and shareholder approval risks.

Details Investors Should Pay Close Attention To

• Deal Completion Risks: The acquisition’s completion is still subject to satisfaction of certain conditions precedent, including regulatory and shareholder approvals. Any delay or failure to meet these conditions could impact the timeline and success of the transaction, potentially affecting share price.
• Shareholder Approval Required: At least one document necessary for completion of the acquisition will require the approval of shareholders. This introduces an element of uncertainty and the possibility of further delays or changes to the deal structure.
• Potential Impact on Share Value: The acquisition, if completed, could have a significant impact on the Company’s operations and financial profile. Conversely, any adverse developments or further delays could be perceived negatively by the market.
• Regulatory Consent Obtained: The updated consent from JTC Corporation is a positive step forward, indicating progress in the regulatory approval process, which is essential for deal completion.

Summary for Investors

H2G Green Limited is progressing with the proposed acquisition of T T J Greenfuel Pte. Ltd. via its majority-owned subsidiary, GEIH. The latest development is the mutual agreement to extend the long-stop date for meeting SPA conditions to 28 February 2026, in light of ongoing documentation and regulatory requirements. The Company has also secured a revised JTC consent, a necessary regulatory approval, and is working towards resolving outstanding SPA matters, including one requiring shareholder approval. Shareholders should closely monitor upcoming announcements, as any changes to the transaction’s timeline or structure could be price sensitive.

Disclaimer

This article is for informational purposes only and does not constitute financial advice or an offer to buy or sell any securities. Investors should conduct their own research and consult with professional advisers before making investment decisions. The completion of the proposed acquisition is subject to various risks and uncertainties, including regulatory and shareholder approvals.

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