---
title: "Skylink plans $7.02m placement to expand loan book"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274092082.md"
description: "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."
datetime: "2026-01-29T05:02:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274092082.md)
  - [en](https://longbridge.com/en/news/274092082.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274092082.md)
generator: "portal-rs"
---

# Skylink plans $7.02m placement to expand loan book

**29.5% of its net proceeds will support the expansion of its electric commercial vehicle fleet.**

Skylink Holdings Limited plans to raise up to $7.02m in gross proceeds through a placement of up to 26.0 million new shares at $0.27 per share, representing a 7.53% discount to the volume-weighted average price on 23 January 2026, according to a filing.

The company said 70.5% of net proceeds will be used to expand its loan book, including through mergers and acquisitions, whilst the remaining 29.5% will support the expansion of its electric commercial vehicle fleet.

The placement shares will represent about 14.7% of the group’s existing issued share capital and 12.9% on an enlarged basis, with approximately $6.79m in net proceeds expected.

The fundraise follows a series of operational developments since the group’s September 2025 listing on the SGX-ST.

In November 2025, the company secured engineering service contracts from SBS Transit Ltd. and F&N Foods and expanded its Jurong Port Road workshop facilities to more than 33,000 sq ft, the filing showed.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**