The placement shares are priced at a discount of approximately 7.53% to the volume weighted average price of 29.2 cents for trades done on Jan 23.
Skylink Holdings (SGX:XZB
) plans to raise up to $7.02 million via a proposed share placement at 27 cents each.
The proceeds raised will be used mainly for the expansion of electric commercial vehicles fleets, electric vehicle initiatives and loan book including through related merger and acquisitions.
