Sanli Environmental Updates Use of Placement Proceeds for EPC Working Capital

Sanli Environmental Ltd. ( (SG:1E3) ) has provided an announcement.

Sanli Environmental Limited has provided an update on the deployment of net proceeds from its earlier placement of 38,492,404 new ordinary shares, originally earmarked for general working capital, including funding the execution of ongoing EPC projects. Of the S$9.59 million raised, S$4.59 million has been utilised mainly to settle trade and other payables to suppliers and subcontractors on major ongoing EPC projects, leaving a balance of S$5.0 million, and the company reiterated that the use of funds remains in line with its stated intentions and that it will continue to report material disbursements.

The utilisation of proceeds directly supports Sanli’s operational liquidity and execution capacity on current projects, which is critical in the capital- and contract-intensive environmental engineering space. By applying funds to key payables and maintaining transparency on the remaining balance, the company signals ongoing financial discipline and seeks to reassure stakeholders about its ability to manage project cash flows and sustain its position in the EPC market.

More about Sanli Environmental Ltd.

Sanli Environmental Limited is a Singapore-incorporated company operating in the environmental engineering sector, focusing on engineering, procurement and construction (EPC) projects. The Group’s activities include providing solutions and services that support water and environmental infrastructure, with working capital needs tied to payments for suppliers, subcontractors and other project-related obligations.

Average Trading Volume: 1,808,877

Technical Sentiment Signal: Buy

Current Market Cap: S$104.4M

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