ESGL Chairman and CEO Increases Ownership to 8.2% Through $2.25 Per Share Acquisitions

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: Jun 09 2025

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ESGL-0.31%

Should l Buy ESGL?

Source: Newsfilter

Share Acquisition by CEO: Mr. Quek Leng Chuang, Chairman and CEO of ESGL Holdings Limited, has purchased 336,134 shares at $2.25 each, increasing his ownership to approximately 8.2%, reflecting confidence in the company's long-term strategy.
Business Combination Progress: ESGL is advancing its proposed merger with De Tomaso Automobili, which is undergoing regulatory and shareholder approval processes, aimed at enhancing ESGL's portfolio and growth strategy.

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About ESGL

ESGL Holdings Limited is a Singapore-based holding company. The Company conducts its operations through its subsidiary, Environmental Solutions (Asia) Pte. Ltd. (ESA). ESA is a waste management, treatment and recycling company involved in the collection and recycling of hazardous and non-hazardous industrial waste from customers such as pharmaceutical, semiconductor, petrochemical and electroplating companies. ESA’s services include recovering minerals and metals from sludges and solid industrial waste, remanufacturing chemicals from acid and alkali waste, recovering energy from packaging waste and recovering energy from wood waste. ESA harvests heat energy from approximately 500 metric tons (MT) a year of waste wood and electrical energy from the sun from its own 750-kilowatt peak (kWp) solar photovoltaic (PV) roof. ESA operates two facilities in Tuas, Singapore.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

ESGL Holdings Rebrands to OIO Group with Ticker Change

Mar 09 2026Newsfilter

Name and Ticker Change: ESGL Holdings Limited will officially rebrand to OIO Group and change its Nasdaq ticker from "ESGL" to "OIO" effective March 10, 2026, reflecting the company's evolving strategic direction and enhancing market recognition.
Shareholder Approval and Stability: The name and ticker change has been approved by shareholders at the Extraordinary General Meeting, with no changes to the company's share capital structure, class of shares, shareholder rights, or trading mechanics, ensuring stability and confidence among investors.
Strategic Development and Business Portfolio: OIO Group plans to expand its unique operating business portfolio through a proposed business combination with De Tomaso Automobili Holdings Limited, aiming to leverage public markets to support long-term growth potential and enhance overall company value.
Future Outlook and Investment Opportunities: The company will continue to evaluate strategic opportunities that align with its long-term vision of building a portfolio of brands with enduring heritage and growth potential, while maintaining a disciplined approach to capital allocation for sustainable shareholder value creation.

ESGL HOLDINGS LTD: DE TOMASO AND NORMAN CHOI EXONERATED OF ALL FRAUD, DISHONESTY, OR UNFAIR ACTION ALLEGATIONS

Feb 10 2026moomoo

Verdict Announcement: The verdict confirms that DeTomasso and Norman Choi have been cleared of all allegations against them.
Allegations Dismissed: The allegations included fraud, dishonesty, and unjust actions, all of which have been dismissed.

ESGL HOLDINGS LTD: REPORTS UNANIMOUS JURY VERDICT IN FAVOR OF DE TOMASO AUTOMOBILI

Feb 10 2026moomoo

Verdict Announcement: A unanimous jury verdict has been reached in favor of De Tomaso Automobili.
Company Background: De Tomaso Automobili is known for its luxury sports cars and has a significant presence in the automotive industry.

ESGL and De Tomaso Prolong Merger Agreement, Reinforcing Dedication to Business Combination

Sep 08 2025Newsfilter

Merger Agreement Extension: ESGL Holdings Limited has extended its merger agreement with De Tomaso Automobili, setting a new long stop date of October 31, 2025, to complete the business combination.
Commitment to Partnership: Both companies' CEOs expressed strong commitment to the merger, highlighting the potential for long-term shareholder value and growth opportunities as a combined entity.

ESGL Shareholders Approve All Proposals for Business Combination with De Tomaso Automobili

Jun 13 2025Newsfilter

Shareholder Approval: ESGL Holdings Limited shareholders approved all proposals for the business combination with De Tomaso Automobili during an Extraordinary General Meeting on June 10, 2025, including share capital expansion and potential name change.
Future Outlook: The completion of the business combination is pending Nasdaq's approval and other customary conditions, with ESGL expressing optimism about growth opportunities and long-term shareholder value.