Skylink Raises S$7.02 Million in Fully Subscribed Placement to Drive EV Fleet Expansion

Skylink Holdings Ltd ( (SG:XZB) ) has issued an update.

Skylink Holdings has completed a fully subscribed share placement, issuing 26 million new shares at S$0.27 each to raise S$7.02 million in gross proceeds from prominent institutional funds, investment managers and ultra-high-net-worth investors. Together with funds raised at its 2025 listing, the company has secured S$16.2 million in total gross proceeds, which will mainly support the expansion of its electric commercial vehicle fleet, broader electric vehicle initiatives and growth of its loan book, strengthening its financial position and underpinning ongoing growth, acquisitions and asset optimisation.

Management highlighted that since listing the Group has secured new engineering service contracts, expanded leasing capacity, refreshed and enlarged its commercial fleet and completed a strategic acquisition to vertically integrate bodywork customisation. The successful placement and broadened investor base, which includes returning early backers, are expected to enhance Skylink’s scalability and flexibility as it pursues value-creating opportunities in Singapore’s evolving mobility and commercial vehicle market.

More about Skylink Holdings Ltd

Skylink Holdings Limited is one of Singapore’s largest commercial vehicle leasing companies, offering one-stop mobility solutions including fleet leasing and related services. Listed on the Singapore Exchange in September 2025 under the stock code XZB, the Group focuses on commercial fleets and is expanding into electric commercial vehicles and associated engineering and bodywork customisation capabilities.

Average Trading Volume: 308,230

Technical Sentiment Signal: Sell

Current Market Cap: S$52.91M

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