Sincap was previously in the business of renewable energy semiconductor manufacturing. It traded alumina and thermal coal, as well as mines and sold gypsum in China.
Catalist-listed Sincap Group announced that it is acquiring 100% stake in Skylink APAC, a homegrown commercial motor vehicle leasing, hire purchase financing and related maintenance service provider, for $42.3 million in a reverse takeover (RTO) transaction.
Skylink APAC would then obtain its public listing status upon successful completion of the acquisition, supported by the investment by and under the leadership of corporate veteran Teh Wing Kwan.
