Skylink Holdings Limited has announced a proposed share placement to raise up to S$7.02m, aiming to bolster its financial position and support growth strategies. The placement involves up to 26 million ordinary shares at S$0.27 each, with SAC Capital Private Limited acting as the placement agent.
The proceeds from this initiative will primarily fund the expansion of Skylink’s electric commercial vehicle fleet and related initiatives, as well as enhance its loan book through potential mergers and acquisitions. This move comes as part of Skylink’s broader strategy to strengthen its market presence and financial flexibility.
Since its listing on the Singapore Exchange in September 2025, Skylink has been actively pursuing strategic initiatives. Notably, the company secured engineering service contracts with SBS Transit and F&N Foods in November 2025, and expanded its workshop facilities at Jurong Port Road. Additionally, Skylink acquired 132 commercial vehicles in December 2025, enhancing its revenue streams and optimising vehicle replacement cycles.
Wesley Shen, CEO of Skylink Holdings, emphasised the importance of the proposed placement, stating, “The capital raised will further strengthen our balance sheet, providing us with greater financial flexibility as we implement our growth strategies and pursue new opportunities.”
Non-Executive Chairman Teh Wing Kwan highlighted the potential to attract institutional investors, broadening Skylink’s investor base. The company had previously raised S$9.2m during its listing, reflecting strong investor confidence.
The placement shares will represent approximately 12.9% of Skylink’s enlarged share capital, and the company will seek approval for their listing on the SGX Catalist.
