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Proposed Placement of up to 26 million shares at 27cts
- 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).
- SAC Capital Private Limited is appointed as the Placement Agent in relation to the Proposed
Placement.
https://links.sgx.com/1.0.0/corporate-announcements/SMHOF24M9CIZMFUI/873436_Skylink_PR_PlacementAnnouncement_Jan2026.pdf
- 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).
- SAC Capital Private Limited is appointed as the Placement Agent in relation to the Proposed
Placement.
https://links.sgx.com/1.0.0/corporate-announcements/SMHOF24M9CIZMFUI/873436_Skylink_PR_PlacementAnnouncement_Jan2026.pdf
Trading halt pending release of announcement.
Gemini provides the following when as how Autobahn issues maybe a tailwind for Skylink:
" The financial crisis at Autobahn Rent A Car presents a significant tailwind for Skylink Holdings Limited by allowing it to capture increased market share and attract new customers in Singapore' s commercial vehicle leasing and private-hire sectors.
Here is how Autobahn' s issues benefit Skylink:
Acquisition of New Customers: Autobahn' s suspension of operations and the repossession of its 1,700-vehicle fleet have left hundreds of private-hire vehicle (PHV) drivers and B2B clients stranded without essential transport. Skylink, a stable and growing competitor, is well-positioned to onboard these drivers and clients, particularly given that other platform operators like Grab and ComfortDelGro are facilitating the transition to reliable providers by waiving deposits and offering support.
Reduced Competition: The removal of a major player from the market reduces competitive pressure in the commercial vehicle leasing space. With fewer operators, particularly weaker, highly leveraged ones exiting the market, stronger operators like Skylink can solidify their position and potentially achieve better pricing power and fleet utilization rates.
Industry Consolidation: The situation accelerates industry consolidation, a trend analysts anticipated in Singapore' s high-cost environment. Skylink, which operates with disciplined asset management and a resilient, integrated business model (leasing, financing, MRO services), is positioned as one of the few financially sound operators to benefit from this market rationalization.
Access to Vehicles/Assets: As creditors repossess Autobahn' s vehicles, some of these assets may eventually become available for purchase or auction, potentially allowing well-capitalized companies like Skylink to expand their fleet more rapidly or acquire specific vehicle models to meet the new demand.
Enhanced Reputation: Skylink' s stable financial position and operational continuity stand in stark contrast to Autobahn' s collapse. This enhances Skylink' s reputation as a reliable partner for both B2B clients (e.g., SBS Transit, F& N Foods, Certis Cisco) and individual drivers, making it the preferred choice for those seeking long-term stability and service."
https://www.asiacarrental.com.sg/blog/autobahn-rent-a-car-financial-crisis-what-it-means-for-singapores-car-rental-industry#:~:text=Introduction,in%20Singapore' s%20high%2Dcost%20environment.
I believe with a talent pool of engineers, this acquisition will provide the company with more than bodywork customisation. Likely repair works and maintenance which will lower cost for the company as well.
https://www.investingnote.com/posts/2989889
Was looking at the acquisition - Skylink is further expanding into the commercial space. Likely adding a new revenue stream to the business. Will be interesting to see the top and bottom line growth. Likely top line will not gowth much - but bottom line will improve quite a lot.
https://www.msn.com/en-sg/news/other/skylink-buys-chuang-li-partners-engineering-assets-in-1-75m-deal/ar-AA1Sz087
SAC Capital: Skylink Holdings Limited (SCG SP, TP: S$0.44, BUY)
Skylink Holdings Limited (&ldquo Skylink&rdquo or &ldquo the Group&rdquo ) is a newly listed commercial vehicle leasing and engineering solutions provider, formed through the reverse takeover (&ldquo RTO" ) of Sincap Group in September 2025. With just 8 years of operational history under its subsidiary Skylink APAC, the Group has grown into one of Singapore&rsquo s largest commercial vehicle leasing platforms. Its integrated business model spans long-term commercial vehicle leasing and fleet management (&ldquo SKVR&rdquo ), vehicle credit and hire-purchase financing (&ldquo SKCR&rdquo ), and engineering services including MRO, refurbishment, and bodywork solutions (&ldquo SKER&rdquo ). With expanding fleet capacity, disciplined asset management, and scalable engineering infrastructure, Skylink is well-positioned for multi-year profitable growth.
We believe Skylink presents an attractive investment opportunity in Singapore&rsquo s underserved commercial fleet services space, offering investors: 1) Resilient Leasing Cash Flows: Skylink delivers recurring lease income supported by high fleet utilization and disciplined asset management that sustain strong margins and cash flow visibility. 2) Scalable, Capital-Efficient Engineering Growth: Recent contract wins from SBS Transit and F& N Foods, alongside the expansion of SKER&rsquo s engineering footprint to 37,700 sq ft, including the acquisition of a specialist bodywork business, position the segment as a scalable contributor to Group revenue without significant incremental overhead. 3) Integrated Vehicle Credit Financing as a Profit Accelerator: SKCR provides high margin financing linked to fleet leases, enhancing customer retention and contributing steady earnings with low credit losses under conservative provisioning. 4) Multiple Upside Catalysts on the Horizon: Skylink&rsquo s growth outlook is supported by several potential catalysts, including further fleet expansion, commercial EV adoption, and new engineering or bodywork contract wins. These drivers offer meaningful optionality over the medium term.
We initiate coverage on Skylink with a BUY rating with TP of S$0.44 based on forward EPS of S$0.0398 against the average P/E of 11.1x of its peers, representing a 52.2% upside from current levels.
Catalist-listed Skylink Holdings offers an &ldquo attractive investment opportunity&rdquo in Singapore&rsquo s underserved commercial fleet services market, according to SAC Capital analyst Daniel Ng, who initiated coverage with a &ldquo buy&rdquo recommendation on the newly listed company on Dec 15.
Skylink Holdings was established following the reverse takeover (RTO) of Sincap Group in September this year. Over just eight years of operations under its subsidiary, Skylink APAC, the group has expanded into one of Singapore&rsquo s largest commercial vehicle leasing platforms, Ng notes.
The company operates across multiple segments, including long-term commercial vehicle leasing and fleet management, vehicle credit and hire-purchase financing, and engineering services. Its engineering arm provides maintenance, repair and overhaul (MRO), refurbishment, and bodywork solutions.
These diversified businesses underpin several investment strengths, including resilient and recurring leasing cash flows, as well as scalable and capital-efficient growth from its engineering segment. Recent contract wins from SBS Transit and F& N Foods, together with the acquisition of bodywork customisation specialist Chuang Li Partners, further support this growth trajectory.
Skylink&rsquo s vehicle credit and hire-purchase financing segment is also expected to act as a profit accelerator, driven by high-margin products that deliver steady earnings and low credit losses under conservative provisioning, Ng adds.
Looking ahead, the company is supported by multiple potential catalysts, including fleet expansion, increased adoption of commercial electric vehicles (EVs), and new engineering or bodywork contract wins. These factors provide what Ng describes as &ldquo meaningful optionality&rdquo over the medium term.
Ng&rsquo s target price of 44 cents is based on a forward earnings per share (EPS) of 3.98 cents and an average price-to-earnings multiple of 11.1 times. This implies an upside of 49.2% from Skylink&rsquo s last traded price of 29.5 cents as at the mid-day break on Dec 18.
Skylink Holdings was established following the reverse takeover (RTO) of Sincap Group in September this year. Over just eight years of operations under its subsidiary, Skylink APAC, the group has expanded into one of Singapore&rsquo s largest commercial vehicle leasing platforms, Ng notes.
The company operates across multiple segments, including long-term commercial vehicle leasing and fleet management, vehicle credit and hire-purchase financing, and engineering services. Its engineering arm provides maintenance, repair and overhaul (MRO), refurbishment, and bodywork solutions.
These diversified businesses underpin several investment strengths, including resilient and recurring leasing cash flows, as well as scalable and capital-efficient growth from its engineering segment. Recent contract wins from SBS Transit and F& N Foods, together with the acquisition of bodywork customisation specialist Chuang Li Partners, further support this growth trajectory.
Skylink&rsquo s vehicle credit and hire-purchase financing segment is also expected to act as a profit accelerator, driven by high-margin products that deliver steady earnings and low credit losses under conservative provisioning, Ng adds.
Looking ahead, the company is supported by multiple potential catalysts, including fleet expansion, increased adoption of commercial electric vehicles (EVs), and new engineering or bodywork contract wins. These factors provide what Ng describes as &ldquo meaningful optionality&rdquo over the medium term.
Ng&rsquo s target price of 44 cents is based on a forward earnings per share (EPS) of 3.98 cents and an average price-to-earnings multiple of 11.1 times. This implies an upside of 49.2% from Skylink&rsquo s last traded price of 29.5 cents as at the mid-day break on Dec 18.
Joelton ( Date: 17-Dec-2025 11:19) Posted:
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Skylink Holdings Further Expands Engineering Portfolio and Talent Pool with the Strategic Acquisition of a Bodywork Customisation Specialist
&bull Acquire the business and related assets of Chuang Li Partners, a leading provider of bodywork customisation services and solutions for commercial vehicles, which allow business owners to tailor their commercial vehicles to meet specific operational needs, enhance operational efficiency, and ensure regulatory compliance.
This business and asset acquisition will:
&bull Further expand the Group&rsquo s engineering capability, talent pool and customer base for its commercial vehicles bodywork customisation solutions, being part of its strategic growth initiatives.
&bull Capture cost synergies across the Group&rsquo s leasing and engineering business segments for its increasing commercial vehicles fleet.
&bull Align interests through base and profit-target deferred consideration payment structures and a formation of strategic joint venture with Chuang Li Partners&rsquo key management team.
Bodywork customisation is vital for commercial vehicles, enabling their business owners to meet specific business needs, improve operational efficiency and comply with regulations.
Established in 2017, Chuang Li Partners specialises mainly in design, manufacture, installation and customisation of upper body structures for commercial vehicles such as utility bodies (cargo, canopies, tool boxes, and racking), railing, platforms and tailgates, among others, which also provide necessary technical supports for improved safety and regulatory compliance of such customised commercial vehicles.
Chuang Li Partners currently operates from its 4,400 square feet workshops at Toh Guan which, after the acquisition, may also be consolidated with that of the Group&rsquo s recently signed lease for the 15,000 square feet industrial property at Jurong Port Road. This would further expand the Group&rsquo s total specialist workshop area to about 37,700 square feet for its engineering business, thereby enabling the Group to now offer and broaden its services for commercial and heavy-duty vehicles in an integrated manner, including MRO services, vehicles body fabrication, spray painting works and bodywork customisation.
Mr Wesley Shen (沈 文 德 ), Executive Director & Chief Executive Officer of Skylink Holdings, said, &ldquo We continue to build on the strong growth momentum of our Engineering business, which has recently secured new service contracts with a major bus operator and an established client,.
This strategic acquisition will further strengthen our engineering capabilities, broaden our customer base and further optimise our capacity for the recently expanded specialist workshop area at Jurong Port Road
In addition, the formation of strategic joint venture with Chuang Li Partners&rsquo key management, will align commercial interests and add depth to our talent pool.
The acquisition is also expected to improve cost efficiencies for bodywork customisation work across the Group&rsquo s expanding internal fleet and for our third-party customers, reinforcing our competitiveness and value creation ahead.&rdquo
Financing arm for a vehicle company is always a gamechanger. It has caused the company to change from a traditional leasing firm to a financing company.
https://www.sgx.com/research-education/market-dialogues/20250924-kopi-c-skylink-holdings-limited-how-skylink-apac-went
An interesting read.
" From one-man show to SGX: Skylink on track for listing via reverse takeover"
https://www.businesstimes.com.sg/companies-markets/one-man-show-sgx-skylink-track-listing-reverse-takeover
Interesting idea. The next wave of rental will comes from logistics and need for more commercial vehicles.
https://repository.shareinvestor.com/rpt_view.pl/id/a0ab8e3b7dd57895cf63ca6d945be3c9aa8fa1bf5a9374c4576d6d7c46035206/type/si_news
Skylink Holdings to Expand its Commercial Leasing Fleet Optimise its Fleet Replacement Strategy
- Acquiring 132 units of commercial vehicles, which provide immediate recurring revenue stream under existing contracts, and also form part of the Group&rsquo s strategies to optimise its commercial fleet replacement cycles.
- Allows the Group&rsquo s engineering business to procure additional service contracts from the seller, who is required to provide a 3-month warranty and pay such repairs and maintenance costs for the acquired commercial vehicles fleet.
- These commercial vehicles expansion and replacement plans are well supported by the Group&rsquo s total engineering specialist workshop area of 33,300 square feet, including the recently signed lease at Jurong Port Road, Singapore for additional 15,000 square feet.
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 Group has signed an agreement to acquire 132 units of commercial vehicles fleet from a third-party seller that will provide immediate recurring revenue stream and form part of its strategies to optimise vehicle replacement cycles.
Under its integrated business model of 3 core business segments, the Group&rsquo s commercial vehicle leasing segment is the largest revenue contributor. Notably, the Group achieved the milestone of becoming one of Singapore&rsquo s largest commercial vehicle leasing companies in just seven years.
As at 30 September 2025, the Group has secured a minimum and non-cancelleable contract amount of S$25.0 million from its commercial vehicle leasing segment, of which S$16.6 million will be recognised within 1 year.
In charting the Group&rsquo s growth strategies, the Board and management team of Skylink Holdings recognise that there are significant differences in the commercial vehicle and private passenger cars leasing segments. Corporate clients use and lease vans, light goods vehicles and heavy trucks to generate business income over long-term contracts, whereas private passenger cars booked under short-term basis or hourly-sharing platform provide personal mobility options and lifestyle choices mainly for individuals, which can be highly cyclical.
Mr Teh Wing Kwan (郑 永 权 ), the Non-Independent Non-Executive Chairman of Skylink Holdings, said, &ldquo Our corporate clients typically focus on business feasibility in their long-term leasing decisions with us where demand of our fleets, to a larger extent, has been closely tied to rational economic activities in meeting their B2B operational needs, which are of paramount importance to our fleet investment plans and replacement cycles.
We have been very careful in our commercial decisions. Guided by strong corporate governance and supported by proven execution capabilities, we will continue to operate with business integrity as we position Skylink Holdings, a publicly listed company, for its next level of growth. Shareholders can be assured of that.&rdquo
Mr Wesley Shen (沈 文 德 ), Executive Director & Chief Executive Officer of Skylink Holdings, said, &ldquo Reflecting our business ambitions as a trusted mobility service provider in the commercial vehicle market, this strategic initiative will generate immediate, accretive recurring revenue for the Group with zero client acquisition cost.
Leveraging our growing customer base cultivated over the years, our commercial vehicle leasing segment has consistently maintained high utilisation rates and part of our strategy is to rapidly enhance the utilisation rates of the newly acquired commercial vehicles.
Moreover, our engineering segment can generate additional revenue by providing body work repair and MRO services under the agreement, further enhancing our overall business performance.
With enhanced economies of scale from a larger fleet, the Group is better positioned to strengthen its market competitiveness while advancing its long-term growth objectives.&rdquo
Also on mine, monitoring to see if the growth rate justifies the price
as it is trading over 9 times its NAV.
as it is trading over 9 times its NAV.
This is on my radar....scalable business that is service centric...
- commercial vehicle leasing provides recurring income
- credit (hire purchase) also provides recurring income
- Engineering (MRO business) also provides recurring income
- commercial vehicle leasing provides recurring income
- credit (hire purchase) also provides recurring income
- Engineering (MRO business) also provides recurring income
Post-RTO Gem: Vehicle Leasing Specialist Is On Fast-Track Growth
Skylink Holdings has a steady vehicle leasing business backed by hard assets, plus clear growth drivers in its credit and engineering arms.
These give it a mix of stability and strong growth potential when conditions are favourable.
The company, which has just completed a reverse takeover (RTO) of Sincap Group in Sept 2025 on Catalist, is one of the top 5 in the commercial vehicle leasing space in Singapore.
It raised about $9.2 million in gross proceeds via placement shares and convertible bonds.
Remarkably, the CEO and founder, Wesley Chen, started the company by buying and selling commercial vehicles, and then rapidly grew it into a diversified leasing, financing and engineering business.
In the near-term, watch out for Skylink' s effort to grow fast via mergers and acquisitions.
The Business Model: Three Pillars, One Ecosystem
Skylink is a fully integrated operation built on three segments:
Commercial Vehicle Leasing: Skylink' s fleet ranks among the top five largest commercial vehicle fleets in Singapore.
It focuses on B2B clients, leasing out light-duty, mini vans, and various trucks.
This segment is crucial because leasing creates predictable, recurring income.
Skylink provides higher-purchase financing, drawing on bank facilities.
Currently, the active loan book stands at a substantial $66 million.
While the vehicle leasing business generates the largest revenue, the credit business has the highest return on investment.
Engineering Solution: This segment provides Maintenance, Repair, and Overhaul (MRO) services for all types of commercial vehicles.
It even offers customization services for vehicle upper body structures like lorry decks and canopies.
While it has been mainly servicing its own leased fleet, it recently ventured out to seek big third-party business, successfully landing two-year contracts with SBS Transit and F& N Foods.
By setting up its own MRO in 2019, Skylink gained control over costs and turnaround time, which is essential for a large fleet.
These three segments form an ecosystem, where leasing, credit and engineering reinforce each other and supporthigh gross margins, as the table shows:
LeonardTeh CFOGrowth Trajectories: From 10 to 1,200 Vehicles
Skylink' s journey is a textbook case of spectacular success.
The company started small with commercial vehicle trading in 2017.
The Pivot: In 2018, as falling COE prices increased vehicle trading risks, it diversified into commercial vehicle leasing, starting with only about 10 vehicles, and launched the credit business.
The Pandemic Opportunity: When the pandemic struck in 2020, the business&mdash supporting logistics and transportation&mdash was deemed essential.
The leasing fleet expanded from 130 vehicles at the start of 2020 to approximately 580 vehicles by 2021.
Strategic Cash-Out and Consolidation: In a bold move during 2022-2023, the company strategically disposed of about 350 vehicles.
Teh Wing Kwan, non-executive chairman, holds a 15% stake in Skylink whose RTO he had orchestrated.
This generated a massive $8 million cash which, alongside new banking facilities, provided the funding base for acquisitions.
Accelerated Growth: Skylink went on to acquire three leasing companies, boosting the fleet back up to about 900 vehicles.
The fleet grew to 1,200 vehicles by March 2025.
Engineering Expansion: This segment is also scaling up, expanding its operational footprint to over 30,000 sq ft across two locations to support new contracts.
This expansion is expected to be a significant profit driver.
Crystal ball gazing for FY26 Figures
There is a S$14 million deferred consideration payable (mostly in shares of Skylink) to the RTO vendor (mainly the CEO Shen and his wife, Grace) if Skylink hits a profit target of S$7.3 million in total adjusted net profit after tax for FY2025 and FY2026 combined.
(That is, this excludes any profit or loss attributable to non-controlling interests or minority interest and any non-recurring items such as listing expenses).
In 1HFY26, the adjusted net profit was S$1.80 million (excludes the one-off non-cash accounting loss -- ie, the RTO accounting effect).
In the current 2HFY26 (ending Mar 2026), a minimum of S$2.76 million is needed to reach S$4.56 million for the full FY26 to qualify for the earn-out.
That S$4.56 million, if it materialises, would be a 66% y-o-y jump. Talk about a fast grower.
Then the 2HFY26 financials may be considered a new baseline to look at how FY27 may turn out -- with a business boost when the RTO proceeds are deployed, especially in M& A activities.
When you look under the hood, Skylink shows strong fundamentals:
Recurrence and Visibility: As mentioned, the core business is structured around recurring income, providing greater visibility on revenue compared to pure trading businesses.
Credit Risk Management: The $66 million active loan book is backed by a conservative, defensive approach to credit. The default rate has been minimal.
Furthermore, leasing and credit contracts require advanced payments or deposits, providing a key layer of protection for Skylink.
Strong Balance Sheet: The new capital raised from the RTO has positively impacted the balance sheet, helping to bring down the debt-to-equity ratio. This leaves the company in a position for M& A.
Shareholder return: Skylink proposes to pay 30% of net profit for FY26 as dividends.
Assuming $4.56 million FY26 net profit, the dividend would be ~0.77 cent/share (based on 176,353,289 shares on issue).
In a nutshell, Skylink Holdings has quickly evolved from a vehicle trader into a sophisticated, vertically integrated player.
It has recurring revenue pillars, a sizeable fleet for leasing, and a M& A hunger, which is perhaps why its stock has gone from 22.5 cents (the price at which shares were issued to acquire Skylink during the RTO) to ~30 cents since.
Skylink Holdings Wins One of Singapore&rsquo s Prestigious Business Awards, The Enterprise 50 Award in 2025
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 Group has been awarded one of Singapore&rsquo s prestigious business awards, The Enterprise 50 (&ldquo E50 Awards&rdquo ), at the 2025 awards ceremony.
The E50 Awards, established in 1995, seeks to recognise the 50 most enterprising local, privately-held companies shaping industries, strengthening networks, contributing to the economic development of Singapore and positioning Singapore for continued global relevance.
Mr Wesley Shen (沈 文 德 ), Executive Director & Chief Executive Officer of Skylink Holdings, said, &ldquo We are deeply honoured to be recognised as an E50 award winner. This achievement is especially meaningful as it comes during a period of significant expansion for our business in recent years.
This prestigious business award affirms the strength of our growth strategy, the resiliency of our business model, and the dedication of our people.
Guided by strong corporate governance, we will continue to operate with integrity and diligence. And as we continue to scale and strengthen our capabilities, this recognition reinforces our commitment to deliver new value propositions to our customers and drive sustainable value for our stakeholders in Singapore.&rdquo
Skylink Holdings&rsquo Subsidiary Secures New Service Contracts from SBS Transit Ltd. and F& N Foods Signs New Property Lease for Major Capacity Expansion in its Engineering Business
&bull Signed a maiden 2-year service contract with SBS Transit Ltd. to supply labour and materials for bus body repair works at Ulu Pandan Bus Depot.
&bull Signed a 2-year service contract (with 1-year extension option) with F& N Foods to provide MRO Comprehensive Maintenance Package services for part of its commercial vehicles.
&bull The Group has signed a new lease for a B2 Industrial Property at Jurong Port Road, Singapore with a built up area of 15,000 square feet, which will almost double the current size of its engineering specialist workshop areas to 33,300 square feet.
&bull The new lease will significantly expand its engineering MRO capacity and scope for commercial and heavy-duty vehicles, including vehicles body fabrication and spray painting works.
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 Skylink Engineering, its wholly-owned subsidiary, has recently won new engineering service contracts and signed a new industrial property lease for major capacity expansion to support its business growth.
New Contract Wins Provide Immediate Revenue Visibility
Under its Engineering segment, the Group provides maintenance, repairs and overhaul (&ldquo MRO&rdquo ) and engineering services to its internal fleet of commercial vehicles and external third-party customers, as well as a fleet of passenger vehicles under the wider Skylink Group.
More recently, the Group secured a maiden service contract with SBS Transit Ltd. to supply labour and materials for bus body works, for a period of 2 years, which covers accident-related repair works for buses, under the Ulu Pandan Bus Depot.
Separately, the Group also secured a 2-year service contract with F& N Foods to provide MRO Comprehensive Maintenance Package services for part of its commercial vehicles fleet. The contract may be extended for one more year.
Barring any unforeseen circumstances, these service contracts are expected to have a positive impact on the financial performance of the Company throughout the duration of the service contracts.
New Industrial Property Lease Significantly Expands Capacity and Capabilities
With an additional built up area of 15,000 square feet signed under the new property lease at Jurong Port Road, the Group&rsquo s engineering business now operates approximately 33,300 square feet of specialist workshop area in aggregate, which will enable the Group to scale its operations and broaden its MRO services for commercial and heavy-duty vehicles, including vehicles body fabrication and spray painting works.
Mr Wesley Shen (沈 文 德 ), Executive Director & Chief Executive Officer of Skylink Holdings, said, &ldquo We are pleased to announce several strategic milestones that enhance both the scale and revenue visibility of our Engineering business.
These new service contracts from SBS Transit Ltd. and F& N Foods support a recurring revenue stream, create avenues for us to provide value-added services, and further reinforce our reputation for reliability and operational excellence.
The new industrial property lease will significantly enhance our capacity to carry out repairs, refurbishments, vehicles body fabrication and full-body spray painting body work for commercial and heavy-duty vehicles, further establishing the Group as a comprehensive solutions provider in the automotive industry.&rdquo
Skylink Holdings&rsquo Subsidiary Secures New Service Contracts from SBS Transit Ltd. and F& N Foods
Signs New Property Lease for Major Capacity Expansion in its Engineering Business
https://links.sgx.com/1.0.0/corporate-announcements/BNF94JHIP82A5MOM/867647_Skylink_PR_Engineering%20Capacity%20Expansion%20and%20Maiden%20Contracts.pdf
such a big hooha only but profits is 1.8m.. better steer clear from this type of companies..
DYODD
DYODD
ruready ( Date: 17-Nov-2025 09:12) Posted:
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Lai Liao