4 new firms list on SGX; Centurion Reit second-largest listing for year to date

Skylink, the third-largest motor vehicle leasing company in Singapore, made headlines when it debuted on the SGX last week.

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The Catalist-listed shares started trading on Sept 17 at 24.5 cents and ended its first day at 25 cents, with 10.8 million shares exchanged. It ended the week at 41 cents.

Skylink chief executive officer Wesley Shen said in a statement that listing on Catalist provides the company with “greater visibility and access to the capital markets to fund our growth strategies” to eventually “deliver long-term, sustainable value to shareholders”.

The company made a U-turn following the takeover of homegrown commercial vehicle specialist Skylink Apac by the Sincap Group, with Sincap shareholders approving the deal on Sept 11 and with Sincap renamed as Skylink Holdings.

The Skylink Apac acquisition was completed on Sept 15 for $42.3 million.

This is the second car company to list on the SGX in 2025.

The first was car dealer Vin’s Holdings, which raised $6 million from its initial public offering (IPO) on Catalist in April.

Centurion Accommodation Reit’s IPO launch on the night of Sept 18 was a blockbuster.

The real estate investment trust (Reit) aims to raise around $771 million from the IPO, and is expected to have a market capitalisation of more than $1.5 billion upon listing on the SGX mainboard from 2pm on Sept 25.