Lincotrade & Associates Holdings Limited has successfully completed a share placement, raising S$2.2m through the issuance of 10 million shares at S$0.22 each. The placement, priced at a 3.14% premium over the last traded market day, attracted significant interest from institutional investors, including Lion Global Investors Limited, ICH Synergrowth Fund, and Ginko-AGT Global Growth Fund.
The funds raised will be utilised for working capital purposes, as the company continues to expand its order book, which reached a record S$113m as of 30 September 2025. This increase is largely attributed to new contract wins valued at S$61m, all of which are commercial projects in Singapore expected to be completed over the next two years.
Jackie Soh Loong Chow, CEO of Lincotrade, expressed satisfaction with the placement’s success, stating, “We are pleased to announce the successful completion of our share placement at a price premium, garnering support from prominent institution investors. Though modest in scale, we believe it is an endorsement of our strategic vision and future prospects ahead.”
The company, specialising in interior fitting-out services, aims to leverage this momentum to drive sustainable value creation for its stakeholders. With a strategic focus on commercial projects, Lincotrade anticipates that the new contracts will positively impact its financial results over the contract duration.
