New Times Corporation Limited has reached an agreement to dispose of its entire upstream oil and gas business in North East Argentina. The sale involves transferring the entire issued share capital of HLG BVI, which holds the Argentine oil assets, to Lantau Tomorrow Development Inc., an independent third party. The decision follows arm's length negotiations and is part of a broader strategy to streamline operations, reallocate resources, and reduce exposure to geopolitical and operational risks associated with the Argentina Oil Business. The consideration for the sale was determined with reference to the net asset value of HLG BVI, prevailing market conditions, and the business prospects of the oil operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Times Corporation Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251231-11973786), on December 31, 2025, and is solely responsible for the information contained therein.