SINGAPORE, Feb. 10, 2026 (GLOBE NEWSWIRE) -- ESGL Holdings Limited (NASDAQ: ESGL) today noted the unanimous jury verdict delivered in the U.S. District Court for the Southern District of New York (Case No. 23-cv-09809) in favor of De Tomaso Automobili Holdings Limited and its owner, Norman Choi. The jury rejected claims asserted by former CEO Ryan Berris, confirming that he held no equity interest in De Tomaso and had no contractual entitlement to the compensation alleged, including any bespoke limited edit ...

Core Insights - The Joint Development Program (JDP) between Environmental Solutions (Asia) Pte Ltd (ESA) and De Tomaso Automobili aims to research and develop sustainable advanced automotive materials using carbon nanotubes (CNTs) [1][2][4] Strategic Business Momentum - The collaboration signifies a strategic alignment between ESGL and De Tomaso in the field of advanced materials innovation, integrating circular economy solutions with luxury automotive performance [2][3] - The JDP serves as a technical collaboration platform while remaining operationally independent of any merger or acquisition [3] Focus on Sustainable Materials - The initiative builds on ESA's previous achievements, including the production of circular multi-walled carbon nanotubes (MWCNTs) from plastic waste, and follows a memorandum of understanding for a carbon-neutral luxury race circuit in Bintan, Indonesia [4] - The program aims to incorporate sustainable nanomaterials into high-performance composites for ultra-luxury vehicles, focusing on superior strength-to-weight ratios, enhanced conductivity, improved durability, and recyclability [5] Reference Platform - The De Tomaso P72 hypercar, featuring an advanced carbon monocoque chassis, serves as a reference platform for evaluating future CNT-enhanced material innovations [7] Executive Commentary - ESA's Executive Director highlighted that the JDP advances their circular CNT expertise into practical applications for ultra-luxury automotive, aiming to create durable value in sustainable high-performance materials [8] - The Chairman of De Tomaso emphasized that the partnership supports their vision for luxury mobility that combines exceptional performance with environmental responsibility [8] Program Status - The JDP is exploratory and subject to the completion of definitive agreements, with no binding financial or commercial commitments until such agreements are executed [9][10]

Core Insights - ESGL Holdings Limited has signed a non-binding Memorandum of Understanding (MOU) with De Tomaso Automobili Holdings Limited and PT Buana Megawisatama to explore the feasibility of developing a carbon-neutral luxury race circuit in Bintan, Indonesia [1][2] - The initiative aims to position Bintan as a hub for sustainable mobility and high-end automotive experiences, aligning with ESGL's mission to advance circular economy solutions [3][4] Company Overview - ESGL Holdings Limited is a Singapore-based innovator focused on reducing carbon emissions across various industries in Asia, operating through its subsidiary Environmental Solutions (Asia) Pte. Ltd [5] - De Tomaso Automobili Holdings Limited is known for its luxury automotive heritage, emphasizing craftsmanship and performance vehicles, and is exploring this collaboration in line with its long-term vision [9][10] - PT Buana Megawisatama is a strategic landowner in Bintan Resorts, playing a crucial role in the region's development and tourism infrastructure [11] Strategic Collaboration Details - The MOU will examine sustainable construction materials, circular manufacturing technologies, and the feasibility of land and infrastructure within Bintan Resorts [7] - The collaboration seeks to integrate low-carbon technologies into next-generation experiential mobility, enhancing the automotive destination concept [4][6] Executive Commentary - Executives from the involved parties expressed optimism about the potential impact of the project on regional tourism and investment, highlighting the importance of sustainability in future automotive experiences [4]

Core Insights - ESGL Holdings Limited has filed a patent application for its proprietary precious-metal recovery technology aimed at treating acidic waste streams, marking a significant step in protecting its innovative processes [1][2][3] Company Overview - ESGL Holdings Limited is a Singapore-based carbon-neutral enviro-tech company focused on transforming industrial waste into circular products through its subsidiary Environmental Solutions Asia Pte Ltd [5] Technology Development - The patent filing follows over two years of R&D, leading to the successful commercialization of technology that recovers precious metal concentrates from semiconductor acid waste using high-temperature treatment and advanced resin systems [2][3] Market Opportunity - The global precious metals e-waste recovery market was valued at US$20.76 billion in 2024 and is expected to grow steadily through 2032, with Asia Pacific projected to lead this growth due to strong manufacturing activity and expanding recycling infrastructure [3] Strategic Commitment - The patent filing underscores the company's commitment to innovation, sustainability, and shareholder value creation, with plans to explore further applications of its recovery technology across various industrial sectors [4]

Core Viewpoint - ESGL Holdings Limited has extended the merger agreement with De Tomaso Automobili, indicating a strong commitment from both parties to complete the business combination by the new long stop date of October 31, 2025 [1][3]. Group 1: Merger Agreement Details - The merger is in the later stages of Nasdaq review, with closing expected to occur promptly after Nasdaq approval [3]. - Both ESGL and De Tomaso express mutual commitment to the merger, viewing it as a transformative opportunity for long-term shareholder value [3]. - The extension of the merger agreement reflects the intent to unlock new growth opportunities as a combined entity [3]. Group 2: Company Backgrounds - De Tomaso Automobili, founded in 1959, is known for luxury sports cars and aims to produce limited-run vehicles that combine classic design with modern performance [4]. - ESGL Holdings Limited is a Singapore-based company focused on carbon-neutral solutions, transforming industrial waste into circular products and leading in the environmental solutions industry [5].

Core Insights - ESGL Holdings Limited has filed a patent application for a new technology that converts hazardous hydrofluoric acid waste into Metallurgical-Grade Fluorspar, showcasing its commitment to sustainability and innovation in waste management [1][2][3] Company Overview - ESGL Holdings Limited is a Singapore-based carbon-neutral enviro-tech company focused on transforming industrial waste into circular products, positioning itself as a leader in the environmental solutions industry [4] Technological Innovation - The patented process significantly reduces carbon emissions compared to traditional mining methods while creating valuable materials for industrial applications such as construction and steel making [2][3] - This innovation represents a significant advancement in sustainable waste management, generating both environmental and economic value from hazardous materials [3] Commitment to Sustainability - The technology aligns with ESGL's carbon-neutral operations and reinforces the company's leadership in providing sustainable industrial solutions [3]

Core Viewpoint - ESGL Holdings Limited has received shareholder approval for its business combination with De Tomaso Automobili, aiming to enhance growth opportunities and shareholder value [1][2][3]. Group 1: Shareholder Approval - All proposals related to the business combination were approved by ESGL shareholders during the Extraordinary General Meeting held on June 10, 2025 [2]. - The proposals included the expansion of authorized share capital, potential share consolidation, a proposed name change, adoption of a revised charter, and authority to adjourn the meeting for maximum shareholder support [8]. Group 2: Strategic Implications - The Chairman and CEO of ESGL expressed confidence that the transaction will unlock new growth opportunities and expand the company's presence across various industries and markets [3]. - The company is actively working with Nasdaq to complete the listing review process and fulfill remaining closing conditions [3]. Group 3: Next Steps - The completion of the business combination is still subject to Nasdaq's approval and other customary closing conditions [2][3]. - Further updates will be provided as material developments occur [4].

Group 1 - The Chairman and CEO of ESGL Holdings Limited, Mr. Quek Leng Chuang, acquired 336,134 ordinary shares at an average price of $2.25 per share, increasing his ownership to approximately 8.2% [1][2] - This acquisition reflects Mr. Quek's confidence in the company's long-term strategy and performance, aligning leadership interests with shareholder value creation [2] - Other officers and directors may consider acquiring additional shares through private transactions or open market purchases [2] Group 2 - ESGL is advancing its proposed business combination with De Tomaso Automobili, which is progressing through regulatory and shareholder approval processes [3] - The completion of this transaction is expected to enhance ESGL's portfolio and long-term growth strategy [3] Group 3 - ESGL Holdings Limited is a leader in sustainable circular solutions for the chemicals, electronics, and manufacturing sectors, focusing on transforming waste into high-value circular products [4]

Core Viewpoint - ESGL Holdings Limited is pursuing a business combination with De Tomaso Automobili to enhance long-term shareholder value through the acquisition of a prestigious luxury performance brand [1]. Group 1: Business Combination Details - The Extraordinary General Meeting (EGM) for voting on the proposals related to the business combination is scheduled for June 10, 2025 [2]. - Upon completion, ESGL will be renamed OIO Holdings Limited and will trade on Nasdaq under the new tickers "OIO" for ordinary shares and "OIOWW" for warrants [2]. Group 2: Strategic Importance - De Tomaso's P72 and P900 hypercars are in high demand among top-tier collectors, indicating strong financial performance potential due to limited production and high pricing power [3]. - The acquisition represents a strategic expansion for ESGL from industrial sustainability into the ultra-luxury consumer sector [3]. - The structure of the combined company is designed for growth, featuring long-term shareholder alignment and performance-based earnouts [3]. Group 3: Company Backgrounds - ESGL Holdings Limited specializes in sustainable circular solutions across chemicals, electronics, and manufacturing sectors, focusing on transforming waste into high-value products [5]. - De Tomaso Automobili, founded in 1959, is known for its blend of Italian design and motorsport heritage, aiming to create emotionally resonant vehicles for a new generation [6].

Core Insights - The unveiling of the production specification De Tomaso P72 highlights the brand's strength and readiness for commercial operations as the merger with ESGL Holdings approaches completion [1][4] - The P72, featuring a carbon fibre chassis and a 5.0L supercharged V8 engine, emphasizes a return to mechanical design and driver-focused engineering [2] - The launch of the P72 is seen as a significant commercial catalyst, indicating De Tomaso's readiness to scale operations [4] Company Overview - ESGL Holdings Limited is a leader in sustainable circular solutions, focusing on transforming waste into high-value products for various sectors [6] - De Tomaso Automobili, founded in 1959, combines Italian design with motorsport heritage and aims to create emotionally resonant vehicles for enthusiasts [7] Product Details - The P72 was initially revealed as a concept in 2019 and is now ready for customer deliveries expected in late 2025 [3] - The production vehicle showcases the final engineering, design, and build quality that De Tomaso aims to deliver at scale [3] Market Engagement - The P72 is currently available for exclusive viewings at Miller Motorcars in Connecticut, with limited public displays planned [5] - The launch has garnered significant media attention, with features in prominent automotive publications highlighting its design and engineering [6]