ESGL Holdings Limited announced on June 13, 2025, that its shareholders approved all proposals related to the proposed business combination with De Tomaso Automobili at an Extraordinary General Meeting (EGM) held on June 10, 2025. This approval includes all necessary measures for the merger to proceed.
The successful vote signifies strong shareholder backing for the strategic combination with the iconic Italian luxury performance car brand. This approval is a crucial step towards finalizing the transformative merger.
Quek Leng Chuang, Chairman and CEO of ESGL, stated that this transaction positions the company to unlock new growth opportunities, expand across industries and markets, and drive long-term shareholder value. The closing of the business combination remains subject to Nasdaq’s approval of the continued listing application and other customary closing conditions.
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