Enviro Energy Extends Deadline for Completion of Sapphire Asia Acquisition

An announcement from Enviro Energy International Holdings Limited ( (HK:1102) ) is now available.

Enviro Energy International Holdings Limited has agreed with the vendors of Sapphire Asia Limited to extend the deadline for fulfilling the conditions precedent of its planned acquisition of 60% of Sapphire Asia’s issued share capital. The long stop date for satisfying these conditions under the sale and purchase agreement has been moved from 31 December 2025 to 31 March 2026, with the rest of the agreement’s terms remaining unchanged. The company cautions that completion of the transaction is still subject to these conditions being met, so the acquisition may or may not proceed, and advises shareholders and potential investors to exercise caution when dealing in its shares.

The most recent analyst rating on (HK:1102) stock is a Sell with a HK$0.04 price target. To see the full list of analyst forecasts on Enviro Energy International Holdings Limited stock, see the HK:1102 Stock Forecast page.

More about Enviro Energy International Holdings Limited

Enviro Energy International Holdings Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange (Stock Code: 1102). While this announcement does not specify its exact business lines, the company operates as an investment holding entity and is pursuing expansion through acquisitions, including a planned majority stake in Sapphire Asia Limited.

Average Trading Volume: 944,706

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$63.33M

For a thorough assessment of 1102 stock, go to TipRanks’ Stock Analysis page.