Metrocon Holdings Limited has successfully completed a compliance placement of 23 million new ordinary shares at S$0.20 each, raising S$4.6m. This move is designed to meet the minimum public float requirement and support the company’s growth initiatives. Trading of Metrocon’s shares on the Singapore Exchange (SGX) under its new name is set to resume at 9.00 a.m. on 15 September 2026.
The funds raised will be channelled towards upgrading Metrocon’s Building and Construction Authority (BCA) registration to Grade L6 under the CR08 (Piling Works) workhead, enhancing its workforce, and exploring business expansion opportunities. The compliance placement has garnered support from industry veterans such as Sun Renwang of Ever Glory United and Lim Thiam Hooi of Lum Chang Creations.
Alvin Lim, Founder and Non-Executive Non-Independent Chairman, expressed enthusiasm about the SGX Catalist listing, stating: “The SGX Catalist listing marks an exciting new chapter for Metrocon, which has spent the past decade building its capabilities and establishing a strong track record in geotechnical foundation engineering.”
In the first half of 2026, Metrocon Pte. Ltd., the company’s core growth engine, reported S$24.39m in revenue and S$2.09m in profit after tax. The company’s order book for piling and groundwork services stands at S$85.25m, with projects scheduled over the next two years.
Tan Kean Seng, Executive Director and CEO, highlighted the company’s focus on strengthening execution capabilities and pursuing larger projects, stating confidence in Metrocon’s foundation for future growth.
