Integrated Waste Solutions Group Holdings Limited Announces Possible Major Transaction: Tenancy Agreement

Key Highlights

• Major Transaction Under Listing Rules: Integrated Waste Solutions Group Holdings Limited (the “Company”) has announced that the execution of a new Tenancy Agreement for leasing new premises will constitute a major transaction under Chapter 14 of the Hong Kong Listing Rules.
• Shareholder Approval Obtained: The Company has secured written approval from three major shareholders representing approximately 56.86% of the total issued shares, allowing the transaction to proceed without a general meeting.
• Impending Circular to Shareholders: A detailed circular containing full information about the Tenancy Agreement and related transactions is scheduled to be sent to all shareholders within 15 business days, on or before 30 March 2026.

Detailed Summary of the Announcement

Integrated Waste Solutions Group Holdings Limited, incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange (stock code: 923), has released an important announcement regarding a new Tenancy Agreement to be entered into between a landlord and CMDSL (a subsidiary or related entity of the Company) for the leasing of new premises.

According to the Company, this transaction—once the Tenancy Agreement is executed—will be categorized as a “major transaction” under Chapter 14 of the Listing Rules. This classification triggers mandatory requirements, including reporting, public announcement, issuance of a circular, and shareholder approval. These steps are designed to ensure transparency and protect the interests of all shareholders.

After conducting reasonable due diligence, the Board confirmed that neither the landlord nor any of its close associates currently hold any shares in the Company. Consequently, no shareholder will be required to abstain from voting for approval of the Tenancy Agreement.

In accordance with Rule 14.44 of the Listing Rules, the Company has opted to obtain written approval from its major shareholders instead of calling a physical general meeting. Written consents have been received from CTF Nominee, Smart On, and Prestige Safe, who collectively hold 1,530,601,835 shares, 732,550,000 shares, and 479,362,193 shares, respectively. Together, they represent approximately 56.86% of the total issued shares. Their relationships and standings within the Company were previously disclosed.

Important Information for Shareholders

• Impacts on Share Value: The entry into a major Tenancy Agreement could have a material impact on the Company’s operations, financial position, and future growth prospects. The announcement and subsequent approval process could influence the Company’s share price, depending on market perception of the strategic value and financial implications of the new lease.
• No General Meeting Required: Shareholders should note that due to the substantial written approvals already obtained, there will be no physical general meeting for the approval of this transaction.
• Imminent Circular: Full transaction details, financial information, and further disclosures will be provided in the forthcoming circular to be distributed by 30 March 2026. Shareholders are strongly advised to review this document for a comprehensive understanding of the transaction and its implications.

Board Composition

As of the announcement date, the Board of Directors is comprised of:

• Executive Directors: Lam King Sang and Tam Sui Kin, Chris
• Non-Executive Directors: Cheng Chi Ming, Brian (Chairman), Lee Chi Hin, Jacob, and Luey Sisi, Doris
• Independent Non-Executive Directors: Chow Shiu Wing, Joseph; Wong Man Chung, Francis; and Chan Ting Bond, Michael

Conclusion

This announcement marks a significant corporate development for Integrated Waste Solutions Group Holdings Limited. Shareholders and potential investors should closely monitor further disclosures, as the successful execution of the Tenancy Agreement has the potential to affect the Company’s operational footprint and financial outlook, which in turn could impact share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to review the official circular and consult with professional advisors before making any investment decisions related to Integrated Waste Solutions Group Holdings Limited.

View IWS Historical chart here