Skylink plans $7.02m placement to expand loan book
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Skylink Holdings Limited plans to raise up to $7.02 million through a placement of 26 million new shares at $0.27 each, a 7.53% discount to the average price. The proceeds will be allocated with 70.5% for expanding its loan book, including mergers and acquisitions, and 29.5% for enhancing its electric commercial vehicle fleet. The placement will represent about 14.7% of the existing share capital. This fundraising follows operational developments since its September 2025 listing on the SGX-ST, including new contracts and facility expansions.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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