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14 Nov 2025
Reclaims Global: CEO increases stake with stock purchases.
Mr. Tan Kok Huat, Executive Director and Chief Executive Officer, recently purchased 150,000 at about S$0.40 per share for a consideration of S$59,880.00.
For the period from 01 July 2025 to 31 October 2025, the Group has secured 10 new contracts with an aggregate value of S$10.3 million.
With service durations of between 3 months to 18 months, the new contracts are expected to have a positive impact on the net tangible assets and earnings per share of the Group throughout the duration of these contracts, barring any unforeseen circumstances.
In addition, the Group was recently reappointed as one of JTC’s demolition contractors for a period of 3 years with an option by JTC to renew for another 2 years.
Mr. Tan Kok Huat, Executive Director and Chief Executive Officer, said, “While the individual contract value may be small, it reflects our strategic focus to ensure that every project match our core competencies and deliver clear profit ahead.
Separately, we are pleased that the Group has been reappointed as one of JTC’s demolition contractors. With JTC’s adaptive reuse framework for industrial buildings, we look forward to support the rejuvenation trend of industrial land in new economy industries ahead.”
In October 2025, the Group successfully completed a share placement (“Placement”), comprising a total of 20,000,000 new shares issued at a price of S$0.39 per placement share, raising gross proceeds of S$7.8 million to capitalise on Singapore’s strong construction outlook and upcoming large-scale coastal protection projects.
Prominent institutional funds and investors that subscribed for the placement shares include Lion Global Investors Limited (as investment manager for and on behalf of its clients), Asdew Acquisitions Pte Ltd, ICH Synergrowth Fund, Ginko-AGT Global Growth Fund and Mr Tan Kim Seng, among others.