Reclaims Global, a Singapore-based eco-friendly service provider for the construction industry, has announced a proposed placement of up to 15,384,700 new shares at S$0.39 each, aiming to raise approximately $4.4m (S$6m). SAC Capital Private Limited will act as the placement agent, with Maybank Securities Pte. Ltd. as the sub-placement agent. The placement price reflects an 8.8% discount to the volume-weighted average price of S$0.4277 per share on 9 October 2025.
The company, known for recycling construction and demolition waste and providing customised excavation solutions, plans to use the proceeds to strengthen its general working capital. Additionally, Reclaims Global intends to pursue business expansion initiatives, including tendering for higher-value contracts and exploring new opportunities in excavation, demolition, and building construction services.
Reclaims Global’s strategic move aligns with Singapore’s construction macro trends, aiming to enhance its market position by targeting new business opportunities and potential acquisitions of related business entities. The company has built a strong reputation over the years, supported by its extensive fleet of tipper lorries and a wide network of vendors, including transport companies and building material suppliers.
