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Catalist-listed vehicle specialist Skylink Holdings closed 25% higher at 25 cents on first day of trading

Nicole Lim
Nicole Lim • 2 min read
Catalist-listed vehicle specialist Skylink Holdings closed 25% higher at 25 cents on first day of trading
The company raised $9.2 million in total proceeds from the RTO, which it intends to use to support the expansion of its higher-margin loan book, commercial fleet size and engineering capacity. Photo: Skylink Holdings
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Commercial vehicle specialist Skylink Holdings concluded its first day of trading on the Singapore Exchange (SGX) Catalist board at 25 cents, 25% higher than its debut price of 20 cents.

Share price reached an intraday high of 27.5 cents, a 37.5% increase from its placement price per share in relation to the reverse takeover (RTO) of Skylink APAC.

Skylink says that the listing marks a new chapter for the company, which now owns one of the largest commercial leasing fleets in Singapore. The company now has a loan book worth $66 million for its credit financing business, and operates seven in-house engineering workshops under its business ecosystem.

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