Sincap Group Ltd. ( (SG:5UN) ) has provided an announcement.
Sincap Group Ltd. announced its intention to acquire Skylink APAC Pte. Ltd. for S$42.3 million, which will allow Skylink APAC to gain public listing status. Skylink APAC, a significant player in the commercial vehicle leasing market in Singapore, operates through subsidiaries that manage a large fleet of vehicles, provide financing solutions, and offer maintenance services. This acquisition is expected to strengthen Sincap’s position in the industry and expand its operational capabilities.
More about Sincap Group Ltd.
Sincap Group Ltd. is a company listed on the Singapore Exchange Catalist. It operates in the commercial motor vehicle leasing industry, providing hire purchase financing and maintenance services. The company is focused on expanding its market presence through strategic acquisitions.
Current Market Cap: S$8.51M
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