Reverse takeover of Skylink APAC Pte. Ltd. by Sincap Group Limited

Lee & Lee acted for Catalist-listed Sincap Group Limited (Sincap) in its successful corporate turnaround through the S$42.3 million reverse takeover of Skylink APAC Pte. Ltd. (Skylink APAC). Skylink APAC is a homegrown commercial vehicle specialist focusing on commercial vehicle leasing, vehicle financing solutions, and maintenance, repair and overhaul services and engineering solutions.

Sincap completed the reverse takeover, and concurrently raised S$8.0 million through a compliance share placement and convertible bond issue, on 15 September 2025. After a trading suspension of more than 4 years, the counter resumed trading under the name of Skylink Holdings Limited on 17 September 2025.

For more information, please read https://www.businesstimes.com.sg/companies-markets/skylink-opens-s0-245-following-reverse-takeover-sincap The Lee & Lee team was led by our Corporate Partner, Andrew Lai, and consisted of Kweh Ghee Kian, Chloe Hing, Mok Yue Min, Sarah Wang and Choh Xiangyun