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An update from Skylink Holdings Ltd ( (SG:XZB) ) is now available.
Skylink Holdings plans to raise up to S$7.02 million through a proposed placement of up to 26 million new ordinary shares at S$0.27 each, primarily to fund the expansion of its electric commercial vehicle fleet, broader electric vehicle initiatives and growth of its loan book, including via potential mergers and acquisitions. Since its 2025 listing, the company has been executing an aggressive growth strategy, securing maiden engineering contracts with major customers, doubling its workshop capacity at Jurong Port Road, acquiring a 132-vehicle fleet to support recurring revenues and engineering workloads, and buying the business and assets of CLP 2026 Pte. Ltd. to deepen its bodywork customisation capabilities, all of which position Skylink to strengthen its balance sheet, broaden its investor base and enhance its role in Singapore’s commercial EV and mobility services market.
More about Skylink Holdings Ltd
Skylink Holdings Limited is one of Singapore’s largest commercial vehicle leasing companies, offering one-stop mobility solutions that span vehicle leasing, engineering services, bodywork customisation and spray painting for commercial and heavy-duty vehicles. Listed on SGX-ST in September 2025, the Group serves corporate clients through its leasing and credit financing businesses and has recently expanded its engineering footprint with new workshop facilities and the acquisition of a specialised bodywork customisation provider.
Average Trading Volume: 271,538
Technical Sentiment Signal: Sell
Current Market Cap: S$51.14M
Learn more about XZB stock on TipRanks’ Stock Analysis page.