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Sanli Environmental Ltd. ( (SG:1E3) ) has shared an update.
Sanli Environmental Limited has successfully completed a placement of 38,492,404 shares at S$0.260 each, raising approximately S$10.008 million. This capital will primarily support the company’s ongoing EPC projects, including a recent S$281 million contract with the Land Transport Authority and a S$205 million project with PUB, boosting its order book to a record S$781.5 million. This strategic financial move enhances Sanli’s operational capacity and strengthens its market position, attracting significant interest from prominent institutional investors.
More about Sanli Environmental Ltd.
Sanli Environmental Limited is a company listed on SGX-Catalist, operating in the environmental engineering industry. The company specializes in Engineering, Procurement, and Construction (EPC) projects, focusing on infrastructure development for public utilities and transportation sectors.
Average Trading Volume: 4,475,808
Technical Sentiment Signal: Buy
Current Market Cap: S$88.03M
Find detailed analytics on 1E3 stock on TipRanks’ Stock Analysis page.