SKK Holdings Limited

General Information
Business:

We are a civil engineering service provider that specializes in subsurface utility works in Singapore and have participated in numerous public utility projects, including but not limited to power and telecommunication cable laying works, water pipeline works and sewer rehabilitation works. (Incorporated in the Cayman Islands) 

We were founded in 2013 by Mr. Sze, our Chief Executive Officer, together with, among others, Mr. Ng, one of our Executive Directors and our Chief Operating Officer. Our Executive Officers including Mr. Sze, Mr. Ng, Mr. Wong and Mr. Tang have over 28, 26, 18 and 15 years of experience in the field, respectively.

As of the date of this prospectus, we were equipped with a fleet of five HDD rigs, 18 excavators and 36 vehicles and a staff over 140. We are one of the five major contractors in Singapore for horizontal directional drilling, or HDD works.

*Note: Net income and net revenue are for the 12 months that ended Dec. 31, 2023. (U.S. dollars converted from Singapore dollars)

(Note: SKK Holdings Limited priced its small IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold 2.5 million shares to raise $10.0 million on Monday, Oct. 7, 2024. SKK Holdings’ stock is expected to start trading Tuesday, Oct. 8, 2024, on the NASDAQ. Background: SKK Holdings Limited filed its F-1 on Jan. 29, 2024, and disclosed terms for its IPO: 2.5 million ordinary shares at a price range of $4.00 to $5.00 to raise $11.25 million. Of the 2.5 million ordinary shares in the IPO, the company is offering 1.75 million shares and selling stockholders are offering 750,000 shares. The company will not receive any proceeds from the sale of the selling stockholders’ shares. Background: SKK Holdings filed confidential IPO documents with the SEC on Sept. 20, 2023.) 

 

Industry: Water, Sewer, Pipeline, Comm Power Construction
Employees: 141
Founded: 2013
Contact Information
Address 7 First Lok Yang Road Singapore 629735
Phone Number +65 6334 3831
Web Address https://www.skkworks.com.sg/
View Prospectus: SKK Holdings Limited
Financial Information
Market Cap $70.31mil
Revenues $9.8 mil (last 12 months)
Net Income $0.2 mil (last 12 months)
IPO Profile
Symbol SKK
Exchange NASDAQ
Shares (millions): 2.5
Price range $4.00 - $4.00
Est. $ Volume $10.0 mil
Manager / Joint Managers Bancroft Capital LLC
CO-Managers
Expected To Trade: 10/8/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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