Environmental Solutions Group Holdings Limited (“ESA Holdings”) is a sustainable waste solutions provider with a mission to recycle industrial waste into circular products using innovative technologies and renewable energy through its operating entity in Singapore, Environmental Solutions (Asia) Pte. Ltd. (“ESA”). The company, together with Genesis Unicorn Capital Corp. (NASDAQ: GENQ), a special purpose acquisition company, have announced the successful closing of their business combination, which was approved at a special meeting of Genesis stockholders on July 26, 2023, and closed on Aug. 2, 2023. The combined company, ESGL Holdings Limited (NASDAQ: ESGL, ESGLW),will be led by ESA’s existing management team. “The closing of the transaction and our listing on Nasdaq is an important milestone and an incredibly proud moment for the entire ESGL team,” said Quek Leng Chuang, founder, CEO and chairman of the board of ESGL. “ESGL is uniquely positioned to harness the momentum of Singapore’s sustainability drive and carbon reduction objectives. With our commitment to innovative technologies and renewable energy, we effectively convert industrial waste into circular products, aligning with our core mission. This strategic transaction bolsters our access to capital, empowering us to seize multiple avenues for growth. As we advance our mission of circularity and sustainability, we enable our partners to reduce their environmental impact, contributing to creating a more resilient planet.”
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About Environmental Solutions Group Holdings Limited
Environmental Solutions Group Holdings Limited (“ESA Holdings”) is a holding company incorporated as an exempted company under the laws of the Cayman Islands. ESA Holdings conducted all its operations through its operating entity incorporated in Singapore, 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 currently has two revenue streams, including 1) services income, which is primarily comprised of the fees it charges its customers for its waste collection and disposal services, which fees are similar to those charged by ESA’s competitors, and 2) the sales and trading of ESA’s circular products made and processed from the recycled waste collected from its customers with respect to its waste collection and disposal services, which ESA believes makes it a unique and environmentally friendly offering in the marketplace. On Nov. 30, 2022, ESA Holdings and Genesis Unicorn Capital Corp. (NASDAQ: GENQ) entered into a definitive agreement for a business combination. Upon the closing of the business combination on Aug. 2, 2023, the combined company is named ESGL Holdings Limited and its new ticker symbol will be ESGL commencing with trading on Aug. 4, 2023. For more information, please visit https://esgl.asia for company filings.
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