H2G Green sells P5 assets to focus on energy unit

This will fuel the growth of the energy segment.

H2G Green Limited’s P5 Pte. Ltd. has agreed to sell certain assets and inventory items to boost the growth of its energy business.

In a bourse filing, H2G Green said the binding memorandum of understanding was signed with Molteni Group S.p.A. Assets sold include all equipment, furniture, onsite inventories and the novation of its leases.

“The transaction represents a significant milestone in the group’s business transformation to focus on the energy business and will support a clearer strategic focus for the group’s stakeholders,” H2G Green said.

The transaction will also allow available resources to be concentrated on the faster-growing Energy Business, whose segment revenue almost doubled from $2.9m for the financial year ended 31 March 2024 to $5.7m for the financial year ended 31 March 2025.

The group said it continues to see opportunities to expand its footprint and network in the region for the energy business and intends to increase its activities in the Southeast Asian market over the next 24 months.

The completion of the transaction is subject to customary and various conditions precedent, including satisfactory due diligence and the signing of definitive agreement(s) on or before 1 December 2025.