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Sincap Group Ltd. ( (SG:XZB) ) has issued an announcement.
Sincap Group Ltd. has successfully completed a reverse takeover of Skylink APAC, raising S$9.2 million through a compliance placement and convertible bond. The acquisition has garnered strong support from prominent funds and high net worth investors, reflecting confidence in Skylink APAC’s growth potential. The funds raised will primarily support Skylink APAC’s expansion plans, and the company’s shares are set to resume trading under the new name Skylink Holdings Limited.
More about Sincap Group Ltd.
Sincap Group Ltd., now renamed Skylink Holdings Limited, is a company listed on the SGX Catalist. It has recently undergone a reverse takeover by Skylink APAC, a homegrown commercial vehicle specialist. Skylink APAC focuses on expanding its higher-margin credit business, commercial fleet size, and engineering capacity.
Technical Sentiment Signal: Sell
Current Market Cap: S$8.51M
See more data about XZB stock on TipRanks’ Stock Analysis page.