Skylink buys Chuang Li Partners' engineering assets in $1.75m deal

Total consideration includes earnings-linked earn-out

Skylink Holdings has agreed to acquire the operating business and selected assets of Chuang Li Partners for total consideration of up to $1.75m, according to a press release.

The consideration comprises a $750,000 cash base payment and up to $1m in deferred consideration linked to audited 12-month adjusted net profit after tax attributable to equity holders of the acquisition vehicle, as defined in the agreement.

The deferred amount becomes fully payable only if profits reach at least $350,000. Deferred consideration will be settled through a combination of cash of up to $500,000 and new shares issued by Skylink at $0.30 per share.

The share issuance would result in maximum dilution of about 0.94%. On a pro forma basis, earnings per share would increase to 1.74 Singapore cents from 1.55 cents following completion, according to the filing.

Upon completion, Skylink will hold an 80% interest in the acquisition vehicle, with vendor-linked shareholders retaining 20%, preserving operational continuity while maintaining group control.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia