SKK Holdings, which provides civil engineering services for utility projects in Singapore, raised $10 million by offering 2.5 million shares (30% secondary) at $4.00, the low end of the range of $4.00 to $5.00.
SKK Holdings is a civil engineering services provider that specializes in subsurface utility works in Singapore, including power and telecommunication cable laying works, water pipeline works, and sewer rehabilitation works. The company is equipped with a fleet of five horizontal directional drilling (HDD) rigs, 18 excavators, and 36 vehicles, and it states that it is one of the five major contractors in Singapore for HDD works.
SKK Holdings plans to list on the Nasdaq on Tuesday under the symbol SKK. Bancroft Capital acted as sole bookrunner on the deal.
