Skylink Holdings Limited, a Singapore-based commercial vehicle specialist, made a notable debut on the Catalist Board of the Singapore Exchange (SGX) on 17 September 2025. The company’s shares closed at S$0.250, a 25% increase from the S$0.20 placement price, highlighting strong investor confidence.
The trading day saw Skylink’s shares reach an intraday high of S$0.275, with approximately 10.8 million shares changing hands. This performance underscores the robust support for the company’s reverse takeover (RTO) of Skylink APAC Pte. Ltd., which had been previously announced. The RTO attracted significant interest from prominent funds, including Asdew Acquisitions Pte. Ltd. and ICH Capital Pte Ltd.
The listing ceremony was attended by Skylink’s directors and senior management, alongside key figures such as Koh Jin Hoe, Head of Capital Markets at SGX, and Tan Kian Tiong, Head of Capital Markets at SAC Capital. The event marked a new chapter for Skylink, which operates one of Singapore’s largest commercial leasing fleets and manages a loan book of approximately S$66 million.
In connection with the RTO, Skylink raised approximately S$9.2 million, including S$4.2 million from the placement of shares and S$5 million from the issuance of convertible bonds. The funds will support the expansion of Skylink’s loan book, fleet size, and engineering capacity.
Wesley Shen, CEO of Skylink Holdings, expressed optimism about the company’s future, stating that the listing positions Skylink to expand its capabilities and services.
