ESGL Holdings Limited announced on September 08, 2025, that it has extended the term of its merger agreement with De Tomaso Automobili. The revised long stop date for the business combination is now October 31, 2025.
This extension underscores the continued commitment of both ESGL and De Tomaso to completing the proposed business combination. Quek Leng Chuang, CEO of ESGL, and Norman Choi, CEO of De Tomaso Automobili, both affirmed their mutual dedication to the merger.
While the extension indicates a delay in the anticipated closing, the reaffirmation of commitment from both parties suggests that the strategic rationale for the merger remains intact. The companies continue to work towards fulfilling the remaining conditions for the transaction.
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