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Skylink Holdings Provides Key Business Updates on its Operational Resilience
For the six-month ended 31 March 2026 (&ldquo 2H2026&rdquo ) compared to the six-month ended 30 September 2025 (1H2026) as follows:
&bull Secured more long-term commercial vehicle leasing contracts
&bull Added new hire purchase financing loan books and
&bull Completed more repairs and maintenance (&ldquo MRO&rdquo ), and bodywork customisation jobs.
Given the structural roles of the Group&rsquo s core businesses within Singapore economy and the recently announced EV initiatives, the Group has seen increased business volume during 2H2026, which remained resilient despite heightened geopolitical risks.
Mr Wesley Shen (沈 文 德 ), Executive Director & Chief Executive Officer of Skylink Holdings, said, &ldquo Serving the needs of SMEs and essential mobility solutions is our strong commitment to customers. We are pleased that our integrated business model has demonstrated strong resilience, with minimal impact on our business activities despite recent volatility in global energy prices. Meanwhile, our expansion of commercial EV fleet is a strategic initiative to support and enable our customers&rsquo green transition, and the recent rising fuel costs further accelerate this shift. Furthermore, majority of our leases are under long-term contracts with a diversified base of customers, which serves as a strong safeguard against market concentration and business risks. With good revenue visibility, Skylink Holdings&rsquo integrated business model is well-positioned to navigate evolving market cycles with enhanced agility and resilience.&rdquo
Integrated Business Model
&bull Allow the Group to implement its growth initiatives in a self-compounding business cycle, both by way of growing asset-base and increasing business volume - Generates recurring revenues, improves cost synergies and enhances asset utilisation under this ecosystem &ndash being built for business agility and operational resilience across market cycles.
Customer Diversification
The Group maintains a highly diversified customer base, mainly SMEs, with no material reliance on any customer, thereby significantly mitigating business concentration risks.
Accelerating EV Adoption Initiatives
&bull Gained significant traction in enabling green mobility transition for its customers in several essential sectors under its expanding commercial EV lease offerings
&bull Secured 18 new contracts and transitioned 16 existing customers to EVs with a total deployment of 43 new EV units in the 3-month period ended 31 March 2026
&bull Recently received more customer enquiries with a robust pipeline of leads for its EV lease offerings specifically during 4Q2026 amidst rising diesel prices, while the overall fleet utilisation rate has remained consistently high.
Minimal Financial Impact of Rising Fuel Costs - The Group does not expect the recent fluctuations in fuel prices to materially impact its financial performance specifically during 4Q2026 as lesses are responsible for operating expenses, including fuel costs.
&bull Majority of the commercial vehicle leases are on long-term contracts for more than 1 year, providing greater earnings visibility.
Improved Yields with Stable Growth in New Hire-Purchase Loan Book
&bull The newly added loan books during this period would generate higher yields as compared to those legacy loan books, which have since been progressively paid off
More MRO and Engineering Work for its Engineering Business
&bull Third-party revenue has improved significantly, reflecting the segment&rsquo s growing market recognition, expanding client base in the public sector, and service-centric approach.
Skylink Holdings Limited was recently featured in a Lim & Tan Securities report, highlighting the Group&rsquo s continued operational resilience and steady growth across its core business segments.
Key highlights include:
The report also highlighted Skylink&rsquo s integrated business model, comprising commercial vehicle leasing, hire-purchase financing and engineering services, which enables recurring revenue generation, cost synergies and enhanced asset utilisation.
With a diversified SME customer base and growing demand driven by EV adoption and essential mobility needs, the Group remains well-positioned to navigate evolving market conditions with resilience and agility.
https://www.linkedin.com/feed/update/urn:li:activity:7447467879551213570
Key highlights include:
- Consensus target price of S$0.47, representing a potential upside of approximately 95.8%
- Capitalised at approximately S$50 million, and trading at ~14x annualised P/E and 6.7x P/B
- Secured additional long-term commercial vehicle leasing contracts, strengthening revenue visibility
- Expansion of hire-purchase financing loan books, supporting higher yields
- Increased activity in repairs, maintenance (&ldquo MRO&rdquo ) and bodywork customisation services
- Strong traction in EV adoption, with new contracts secured, 16 existing customers transitioned, and 43 EV units deployed during 4Q2026
- Stable performance expected despite fuel price fluctuations, supported by long-term leasing structures
The report also highlighted Skylink&rsquo s integrated business model, comprising commercial vehicle leasing, hire-purchase financing and engineering services, which enables recurring revenue generation, cost synergies and enhanced asset utilisation.
With a diversified SME customer base and growing demand driven by EV adoption and essential mobility needs, the Group remains well-positioned to navigate evolving market conditions with resilience and agility.
https://www.linkedin.com/feed/update/urn:li:activity:7447467879551213570
Skylink Holdings Provides Key Business Updates on its Operational Resilience
For the six-month ended 31 March 2026 (&ldquo 2H2026&rdquo ) compared to the six-month ended 30 September 2025 (1H2026) as follows:
&bull Secured more long-term commercial vehicle leasing contracts
&bull Added new hire purchase financing loan books and
&bull Completed more repairs and maintenance (&ldquo MRO&rdquo ), and bodywork customisation jobs.
Given the structural roles of the Group&rsquo s core businesses within Singapore economy and the recently announced EV initiatives, the Group has seen increased business volume during 2H2026, which remained resilient despite heightened geopolitical risks.
Mr Wesley Shen (沈 文 德 ), Executive Director & Chief Executive Officer of Skylink Holdings, said, &ldquo Serving the needs of SMEs and essential mobility solutions is our strong commitment to customers. We are pleased that our integrated business model has demonstrated strong resilience, with minimal impact on our business activities despite recent volatility in global energy prices. Meanwhile, our expansion of commercial EV fleet is a strategic initiative to support and enable our customers&rsquo green transition, and the recent rising fuel costs further accelerate this shift. Furthermore, majority of our leases are under long-term contracts with a diversified base of customers, which serves as a strong safeguard against market concentration and business risks. With good revenue visibility, Skylink Holdings&rsquo integrated business model is well-positioned to navigate evolving market cycles with enhanced agility and resilience.&rdquo
Integrated Business Model
&bull Allow the Group to implement its growth initiatives in a self-compounding business cycle, both by way of growing asset-base and increasing business volume - Generates recurring revenues, improves cost synergies and enhances asset utilisation under this ecosystem &ndash being built for business agility and operational resilience across market cycles.
Customer Diversification
The Group maintains a highly diversified customer base, mainly SMEs, with no material reliance on any customer, thereby significantly mitigating business concentration risks.
Accelerating EV Adoption Initiatives
&bull Gained significant traction in enabling green mobility transition for its customers in several essential sectors under its expanding commercial EV lease offerings
&bull Secured 18 new contracts and transitioned 16 existing customers to EVs with a total deployment of 43 new EV units in the 3-month period ended 31 March 2026
&bull Recently received more customer enquiries with a robust pipeline of leads for its EV lease offerings specifically during 4Q2026 amidst rising diesel prices, while the overall fleet utilisation rate has remained consistently high.
Minimal Financial Impact of Rising Fuel Costs - The Group does not expect the recent fluctuations in fuel prices to materially impact its financial performance specifically during 4Q2026 as lesses are responsible for operating expenses, including fuel costs.
&bull Majority of the commercial vehicle leases are on long-term contracts for more than 1 year, providing greater earnings visibility.
Improved Yields with Stable Growth in New Hire-Purchase Loan Book
&bull The newly added loan books during this period would generate higher yields as compared to those legacy loan books, which have since been progressively paid off
More MRO and Engineering Work for its Engineering Business
&bull Third-party revenue has improved significantly, reflecting the segment&rsquo s growing market recognition, expanding client base in the public sector, and service-centric approach. https://www.skylink-ir.com/frontend/web/index.php?r=attachment/download& id=43
Full details: https://www.skylink-ir.com/frontend/web/index.php?r=attachment/download& id=43
Skylink Holdings Provides Key Business Updates on its Operational Resilience
For the six-month ended 31 March 2026 (2H2026) compared to the six-month ended 30 September 2025 (1H2026) as follows
- Secured more long-term commercial vehicle leasing contracts
- Added new hire purchase financing loan books and
- Completed more repairs and maintenance (&ldquo MRO&rdquo ), and bodywork customisation jobs.
Given the structural roles of the Group&rsquo s core businesses within Singapore economy and the recently announced EV initiatives, the Group has seen increased business volume during 2H2026, which remained resilient despite heightened geopolitical risks.
Mr Wesley Shen (沈 文 德 ), Executive Director & Chief Executive Officer of Skylink Holdings, said, Serving the needs of SMEs and essential mobility solutions is our strong commitment to customers. We are pleased that our integrated business model has demonstrated strong resilience, with minimal impact on our business activities despite recent volatility in global energy prices. Meanwhile, our expansion of commercial EV fleet is a strategic initiative to support and enable our customers&rsquo green transition, and the recent rising fuel costs further accelerate this shift. Furthermore, majority of our leases are under long-term contracts with a diversified base of customers, which serves as a strong safeguard against market concentration and business risks. With good revenue visibility, Skylink Holdings integrated business model is well-positioned to navigate evolving market cycles with enhanced agility and resilience.
Integrated Business Model
- Allow the Group to implement its growth initiatives in a self-compounding business cycle, both by way of growing asset-base and increasing business volume
- Generates recurring revenues, improves cost synergies and enhances asset utilisation under this ecosystem &ndash being built for business agility and operational resilience across market cycles.
- Generates recurring revenues, improves cost synergies and enhances asset utilisation under this ecosystem &ndash being built for business agility and operational resilience across market cycles.
Customer Diversification
The Group maintains a highly diversified customer base, mainly SMEs, with no material reliance on any customer, thereby significantly mitigating business concentration risks.
Accelerating EV Adoption Initiatives
- Gained significant traction in enabling green mobility transition for its customers in several essential sectors under its expanding commercial EV lease offerings
- Secured 18 new contracts and transitioned 16 existing customers to EVs with a total deployment of 43 new EV units in the 3-month period ended 31 March 2026
- Recently received more customer enquiries with a robust pipeline of leads for its EV lease offerings specifically during 4Q2026 amidst rising diesel prices, while the overall fleet utilisation rate has remained consistently high.
Minimal Financial Impact of Rising Fuel Costs
The Group does not expect the recent fluctuations in fuel prices to materially impact its financial performance specifically during 4Q2026 as lesses are responsible for operating expenses, including fuel costs.
The Group does not expect the recent fluctuations in fuel prices to materially impact its financial performance specifically during 4Q2026 as lesses are responsible for operating expenses, including fuel costs.
- Majority of the commercial vehicle leases are on long-term contracts for more than 1 year, providing greater earnings visibility.
Improved Yields with Stable Growth in New Hire-Purchase Loan Book
- The newly added loan books during this period would generate higher yields as compared to those legacy loan books, which have since been progressively paid off
More MRO and Engineering Work for its Engineering Business
- Third-party revenue has improved significantly, reflecting the segment&rsquo s growing market recognition, expanding client base in the public sector, and service-centric approach.
Skylink maintains one of Singapore' s largest commercial leasing fleets and a loan book of approximately S$66.30 million as of September 2025. The company demonstrated significant growth with a revenue CAGR of 77.9% from FY2023 to FY2025. Under CEO Wesley Shen, the Group continues to expand its engineering capacity and fleet size to drive recurring revenue.
https://links.sgx.com/1.0.0/corporate-announcements/S26J3HQY0HWAAQIR/923ee6ebd8c6a44ccccd7623f6e29ca0f7af1866a449e7dc531d509e30c2234e
Amazing Progress! The company recently secured a major two-year service contract with SBS Transit and a maintenance package with F& N Foods.
https://www.saccapital.com.sg/wp-content/uploads/1970/01/26-03-09-Skylink-Holdings-Limited.pdf
Skylink just dropped their Feb 2026 corporate deck and the numbers are speaking loudly.
1H2026 Highlights:📈 Revenue +33.8% YoY to S$16.14M 💰 Net Profit +32.7% YoY to S$1.80M 🚗 Active contracts grew to 1,163 (vs 788 in 1H2025) 💵 Operating cash flow of S$5.84M &mdash cash generative business
Why I' m watching this:
3-year Revenue CAGR of 77.9% and Profits CAGR of 103.2% &mdash compounding fast
ROE of 41.1% in FY2025 &mdash highly capital efficient
Proposed 30% dividend payout of FY2026 NPAT &mdash shareholder-friendly
Recently acquired Chuang Li Partners (bodywork customisation) to deepen engineering segment
Targeting combined FY2025+FY2026 adjusted NPAT of at least S$7.3M
Blue-chip client roster: SBS Transit, F& N, Sembcorp, ST Engineering
Still a small-cap with high leverage, but the business model is self-reinforcing &mdash leasing feeds credit, credit feeds engineering, engineering feeds back into leasing. Clean flywheel.
One to keep on the radar. DYODD.
https://links.sgx.com/1.0.0/corporate-announcements/S26J3HQY0HWAAQIR/923ee6ebd8c6a44ccccd7623f6e29ca0f7af1866a449e7dc531d509e30c2234e
KGI Securities Initiation on Skylink Holdings:
https://www.linkedin.com/posts/kgi-skylink-holdings-initiation-ugcPost-7432607293478825986-YAAf?utm_source=share& utm_medium=member_desktop& rcm=ACoAAAup2PkB223q4gqz-eja-zu2MrmuSwB8p2M
https://www.linkedin.com/posts/kgi-skylink-holdings-initiation-ugcPost-7432607293478825986-YAAf?utm_source=share& utm_medium=member_desktop& rcm=ACoAAAup2PkB223q4gqz-eja-zu2MrmuSwB8p2M
Skylink Holdings Webinar by SIAS: https://www.youtube.com/watch?v=IvOj3fpViCs
Budget 2026 continues to emphasize the green transition, which directly aligns with Skylink&rsquo s recent S$7.02 million share placement (January/February 2026).
Targeted Support: The budget' s extension of energy efficiency grants and green loans under the Enterprise Financing Scheme provides a lower cost of capital for Skylink to expand its Electric Commercial Vehicle (ECV) fleet.
Infrastructure Support: With the government raising solar deployment and likely continuing EV charging infrastructure incentives, the operational " bottlenecks" for Skylink&rsquo s B2B clients (like UPS or Sheng Siong) to switch to electric are decreasing, driving demand for Skylink' s leasing services.
https://www.straitstimes.com/singapore/transport/parf-changes-likely-to-spur-more-coe-renewals-tilt-balance-further-towards-evs
Skylink announced a S$7.02 million placement to institutional investors to fund the expansion of its Electric Commercial Vehicle (ECV) fleet and loan book. With recent contract wins from SBS Transit and F& N, the company is positioning itself as a leader in Singapore' s green logistics transition.
https://links.sgx.com/FileOpen/Skylink_PR_PlacementAnnouncement_Jan2026.ashx?App=Announcement& FileID=873436
Skylink Holdings&rsquo S$7 million Share Placement Fully Subscribed Broadening its Investor Base with Prominent Institutional Funds, Investment Managers and Ultra-High-Net-Worth Investors
&bull Prominent institutional funds and investment managers such as ICH Synergrowth Fund and Lion Global Investors Limited (as investment manager for and on behalf of its clients), alongside other ultra-high-net-worth investors, including several investors that first invested in the Company at the time of its listing.
&bull Building on the Group&rsquo s business momentum since its listing on SGX-ST in September 2025, the share placement proceeds will be used mainly for the expansion of electric commercial vehicles fleets, electric vehicle initiatives and loan book (including through related merger and acquisitions).
&bull SAC Capital Private Limited is the Placement Agent in relation to the Placement.
Skylink Holdings Limited (&ldquo Skylink Holdings&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ), one of the largest commercial vehicle leasing companies in Singapore with one-stop solutions as a trusted mobility service provider, is pleased to announce that the Company has completed a share placement that raised S$7.02 million in gross proceeds with the issuance of 26 million fully paid-up ordinary shares in the capital of the Company at an issue price of S$0.27 for each placement share (&ldquo Placement&rdquo ) .
Prior to that, the Group had successfully raised S$9.2 million (including vendor shares of S$1.2 million) in gross proceeds at its listing in September 2025, bringing the total gross proceeds raised to S$16.2 million, including this Placement.
Mr Wesley Shen (沈 文 德 ), Executive Director & Chief Executive Officer of Skylink Holdings, said,
&ldquo We are excited to welcome both new shareholders and valued returning investors participating in this latest Placement.
Since our listing in September 2025, the Group has demonstrated a very focused execution capability. It procured new engineering service contracts to increase revenues stream, signed new leases to expand capacity, acquired more commercial fleets to optimise fleet replacement cycles, completed strategic acquisition to vertically integrate bodywork customisation business, which underscore a strong operational momentum&rdquo .
Mr Teh Wing Kwan (郑 永 权 ), the Non-Independent Non-Executive Chairman of Skylink Holdings, said, &ldquo Being able to engage with leading institutional investors and other supportive shareholders in this Placement, while broadening our investor base, has also improved our financial position as we implement our growth initiatives, build a scalable business platform, evaluate value-creating opportunities and adopt proactive asset optimisation strategies&rdquo .
Skylink successfully completed a fully subscribed S$7.02 million share placement, backed by prominent institutional funds, investment managers, and ultra-high-net-worth investors.
Including its September 2025 IPO, the Group has raised a total of S$16.2 million in gross proceeds to date.
The proceeds will primarily support fleet expansion, electric-vehicle initiatives, loan-book growth, and potential strategic acquisitions, strengthening Skylink position as a trusted commercial mobility solutions provider.
Including its September 2025 IPO, the Group has raised a total of S$16.2 million in gross proceeds to date.
The proceeds will primarily support fleet expansion, electric-vehicle initiatives, loan-book growth, and potential strategic acquisitions, strengthening Skylink position as a trusted commercial mobility solutions provider.
Corporate Connect Free Webinar:
https://portal.sias.org.sg/Event/EventDetails?Id=dbf15a90-ac00-f111-8406-6045bd1f382f& EventName=Corporate_Connect_featuring_Skylink_Holdings_Limited
Overview
Corporate Connect is a free webinar that connects the investment community with listed companies, offering a direct platform for retail investors to engage with senior management and gain firsthand insights into company updates.
About The Company
Skylink Holdings Limited is a one-stop customer-centric commercial vehicle specialist, with 3 core business segments spanning vehicle leasing, hire-purchase financing, and engineering services.
The Group owns and operates one of the largest fleets of commercial vehicles in Singapore, serving a wide range of B2B customers. Through its integrated ecosystem, the Group delivers differentiated value and quality customer service as a trusted mobility service provider.
https://portal.sias.org.sg/Event/EventDetails?Id=dbf15a90-ac00-f111-8406-6045bd1f382f& EventName=Corporate_Connect_featuring_Skylink_Holdings_Limited
Overview
Corporate Connect is a free webinar that connects the investment community with listed companies, offering a direct platform for retail investors to engage with senior management and gain firsthand insights into company updates.
About The Company
Skylink Holdings Limited is a one-stop customer-centric commercial vehicle specialist, with 3 core business segments spanning vehicle leasing, hire-purchase financing, and engineering services.
The Group owns and operates one of the largest fleets of commercial vehicles in Singapore, serving a wide range of B2B customers. Through its integrated ecosystem, the Group delivers differentiated value and quality customer service as a trusted mobility service provider.
Reasons you can consider Skylink - Skylink is currently the only home-grown commercial vehicle specialist listed on the SGX. With 90% of its leasing contracts extending beyond one year, it offers investors a rare mix of defensive recurring income and high-growth potential in the green mobility space.
spursfan ( Date: 29-Jan-2026 14:18) Posted:
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Skylink
On Jan 29, Skylink Holdings : XZB +3.39% announced plans to issue up to 26 million new shares at S$0.27 each, raising as much as S$7.02 million in gross proceeds, subject to approvals. SAC Capital was appointed as the placement agent.
Skylink is a newly listed commercial vehicle leasing and engineering solutions provider, formed through a reverse takeover completed in September 2025. The group said it has established a predictable revenue and profitable business model supported by its synergistic ecosystem.
Of the net proceeds, 29.5 per cent are marked for electric vehicle initiatives, and 70.5 per cent will fund loan book growth or related M& A. Skylink Holdings also highlighted that the capital raised from this proposed placement will further strengthen its balance sheet, providing it with greater financial flexibility as it implements its growth strategies and pursue new opportunities ahead.
This also follows the group raising S$9.2 million in gross proceeds in September 2025. Since listing in September 2025, the group has undertaken several strategic initiatives to drive expansion, beginning with winning its maiden engineering service contracts from and in November 2025. It also secured new leases at Jurong Port Road that doubled its specialist workshop space to more than 33,000 square feet and significantly increased its engineering capacity.
It followed this in early December 2025 with the acquisition of 132 commercial vehicles, adding an immediate recurring revenue stream, supporting additional engineering work, and contributing to optimised fleet-replacement cycles.
In mid-December 2025, the group further strengthened its engineering capabilities, talent pool and customer base through the acquisition of the business and related assets of CLP 2026. The deal created cost synergies and enhanced the utilisation of Skylink&rsquo s recently expanded Jurong Port Road facility.
For its H1 FY2026 (ended Sep 30), Skylink&rsquo s revenue rose 33.8 per cent from H1 FY2025 to S$16.14 million. Commercial leasing revenue grew 52.6 per cent, driven by a larger fleet and more long-term contracts, while engineering revenue increased 11.6 per cent on new maintenance, repair and operations contract wins.
For the credit business, revenue fell 20.3 per cent and despite higher costs lifting cost of sales by 42.2 per cent, gross profit still rose 12.7 per cent, though margins declined to 23.9 per cent. Gross profit increased by 12.7 per cent from H1 FY2025 to S$3.86 million in H1 FY2026.
spursfan ( Date: 29-Jan-2026 07:44) Posted:
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Skylink Holdings Announces Proposed Share Placement Broadening its Investor Base, which may include Institutional Investors
&bull The proposed share placement comprises an aggregate of up to 26 million fully paid-up ordinary shares in the capital of the Company (&ldquo Placement Shares&rdquo ) at an issue price of S$0.27 for each Placement Share (&ldquo Placement Price&rdquo ), raising up to S$7.02 million gross proceeds (&ldquo Proposed Placement&rdquo ).
&bull Share placement proceeds will be used mainly for the expansion of electric commercial vehicles fleets, electric vehicle initiatives and loan book (including through related merger and acquisitions).
&bull SAC Capital Private Limited is appointed as the Placement Agent in relation to the Proposed Placement.
Singapore, 29 January 2026 &ndash Skylink Holdings Limited (&ldquo Skylink Holdings&rdquo or the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ), one of the largest commercial vehicle leasing companies in Singapore with one-stop solutions as a trusted mobility service provider, announced that the Company would raise up to S$7.02 million gross proceeds via the Proposed Placement to further strengthen its financial position while implementing and evaluating its growth strategies, including potential strategic acquisition opportunities for its leasing and credit financing business.
Since its listing on SGX-ST in September 2025, the Group has embarked on several strategic initiatives to expand its business. Specifically,
&bull In November 2025, the Group won maiden engineering service contracts from SBS Transit Ltd. and F& N Foods. To further support operations, it signed new leases at Jurong Port Road which doubled its engineering specialist workshop areas to more than 33,000 square feet, significantly expanded the Group&rsquo s engineering capacity and service scopes for commercial and heavy-duty vehicles, including vehicles body fabrication and spray painting works.
&bull In early December 2025, the Group acquired 132 units of commercial vehicles fleet which provide recurring revenue stream under existing contracts, procured additional jobs for its engineering business, and also form part of its strategies to optimise vehicle replacement cycles.
&bull In mid-December 2025, the Group announced the acquisition of the business and related assets of CLP 2026 Pte. Ltd. (formerly known as Chuang Li Partners Pte. Ltd.), a leading provider of bodywork customisation services for commercial vehicles, which would further expand the Group&rsquo s such related engineering capability, talent pool and customer base, capture cost synergies, and further optimise its recently expanded capacity at Jurong Port Road.
Mr Wesley Shen (沈 文 德 ), Executive Director & Chief Executive Officer of Skylink Holdings, said,
&ldquo Emphasing on execution capability and building on strong business momentum since our listing, the capital raised from this Proposed Placement will further strengthen our balance sheet, providing us with greater financial flexibility as we implement our growth strategies and pursue new opportunities ahead, as previously announced. This reinforces our proactive business approach and commitment to shareholders&rdquo .
Mr Teh Wing Kwan (郑 永 权 ), the Non-Independent Non-Executive Chairman of Skylink Holdings, said &ldquo This Proposed Placement allows the Group to potentially tap several established institutional investors for additional capital, which will broaden its investor base. The Group had successfully raised S$9.2 million gross proceeds in September 2025 at its listing, which underscored strong confidence in its investment proposition&rdquo .
Skylink is worth a look...ambitous with a complementary business model.
Since its listing on SGX-ST in September 2025, the Group has embarked on several strategic initiatives to expand its business. Specifically,
Since its listing on SGX-ST in September 2025, the Group has embarked on several strategic initiatives to expand its business. Specifically,
&bull In November 2025, the Group won maiden engineering service contracts from SBS Transit Ltd. and F& N Foods. To further support operations, it signed new leases at Jurong Port Road which doubled its engineering specialist workshop areas to more than 33,000 square feet, significantly expanded the Group&rsquo s engineering capacity and service scopes for commercial and heavy-duty vehicles, including vehicles body fabrication and spray painting works.
&bull In early December 2025, the Group acquired 132 units of commercial vehicles fleet which provide recurring revenue stream under existing contracts, procured additional jobs for its engineering business, and also form part of its strategies to optimise vehicle replacement cycles.
&bull In mid-December 2025, the Group announced the acquisition of the business and related assets of CLP 2026 Pte. Ltd. (formerly known as Chuang Li Partners Pte. Ltd.), a leading provider of bodywork customisation services for commercial vehicles, which would further expand the Group&rsquo s such related engineering capability, talent pool and customer base, capture cost synergies, and further optimise its recently expanded capacity at Jurong Port Road.