GDS Global Limited, a specialist in commercial and industrial door and shutter solutions, has successfully raised S$4.08m through a share placement. The placement, involving 60 million shares at S$0.068 each, was fully subscribed by prominent institutional investors, including Asdew Acquisitions and ICH Capital Pte Ltd. SAC Capital Private Limited acted as the placement agent.
The funds will be used to pursue larger projects both locally and internationally, enhance export sales and marketing capabilities, and provide working capital for the proposed acquisitions of Asiabuild Metal Engineering Pte. Ltd. and Integrated Aluminium Pte. Ltd. These acquisitions aim to diversify GDS’s revenue base and capture new growth opportunities in the structural steel, metal works, and architectural aluminium sectors.
Non-Executive Non-Independent Chairman Tang Hee Sung commented, “Building on the positive momentum from our recent return to profitability, the successful completion of the placement marks another important milestone for the Group and we are pleased to welcome new shareholders to our GDS family.”
GDS reported a 70.6% increase in revenue to S$22.79m for the financial year ending 30 September 2025, with a significant rise in gross profit to S$7.52m. The company maintains a healthy cash position of S$6.59m with no borrowings, positioning it well for future growth.
