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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