H2G Green Limited entered into an agreement to acquire additional 5.7% stake in Gashubunited Utility Private Limited from Lippo China Resources Limited for SGD 1.52 million.

H2G Green Limited (Catalist:5AI) entered into an agreement to acquire additional 5.7% stake in Gashubunited Utility Private Limited from Lippo China Resources Limited (SEHK:156) for SGD 1.52 million on November 28, 2023. H2G Green will issue 126.5 million shares as consideration. Gashubunited reported net asset value of SGD 5.3 million as on March 31, 2023.

Completion of the acquisition is subject to approval of third parties, government or regulatory authorities, approval by shareholders and Board of Directors of H2G, approval of the Board of Directors and shareholders of Gashubunited Utility.