SKK Holdings to Implement 10-for-1 Share Consolidation to Maintain Nasdaq Listing

An announcement from SKK Holdings Limited ( (SKK) ) is now available.

SKK Holdings Limited, a Singapore-based civil engineering group focused on subsurface utility works for public infrastructure such as power and telecom cables, water pipelines and sewer rehabilitation, has built more than 10 years of experience in the domestic utilities sector. Its operations are centered on planning, constructing and maintaining critical public works that serve both societal and environmental needs.

On April 1, 2026, SKK announced that its board had approved on March 25, 2026 a 10-for-1 share consolidation, effective in the market from April 6, 2026, to help the company regain compliance with Nasdaq’s minimum bid-price listing rule and preserve its Nasdaq Capital Market listing. From that date, SKK’s Class A ordinary shares will trade on a split-adjusted basis under the same ticker but a new CUSIP, reducing the share count from 24,375,000 to about 2,437,500, with fractional entitlements rounded up to whole shares, a move that materially alters the capital structure and could affect trading dynamics for existing shareholders.

More about SKK Holdings Limited

SKK Holdings Limited is a Singapore-based civil engineering service provider specializing in subsurface utility works. The company focuses on planning, constructing and maintaining public works and infrastructure projects, including power and telecommunication cable laying, water pipeline installations and sewer rehabilitation, and has over a decade of experience serving public utility customers in Singapore.

Average Trading Volume: 145,852

Technical Sentiment Signal: Sell

Current Market Cap: $4.28M

See more data about SKK stock on TipRanks’ Stock Analysis page.