Coastal Greenland Limited (1124) released an update regarding its potential sale and purchase agreement involving 153,126,197 of its shares and a sale loan. According to the announcement dated 9 February 2026, the vendor and the offeror are still negotiating to finalize the terms of the proposed transaction, which could result in a mandatory conditional cash offer.

The update reiterates that no formal or legally binding agreement has been signed between the vendor, the offeror, or any other parties as of the announcement date. Coastal Greenland Limited stated that further monthly updates will be provided in compliance with Rule 3.7 of the Takeovers Code until an announcement of a firm intention to make an offer under Rule 3.5, or a decision not to proceed, is made.

The company emphasized that there is no assurance the transaction will materialize or result in a general offer under Rule 26.1 of the Takeovers Code. Shareholders and potential investors are advised to exercise caution when dealing in Coastal Greenland Limited’s securities, considering the ongoing discussions between the involved parties.