Reclaims Global Secures S\$10.3 Million in New Contracts and Reappointment as JTC Demolition Contractor

Singapore, 10 November 2025 – Reclaims Global Limited (SGX: RGL), a listed eco-friendly integrated service provider in Singapore’s construction sector, has announced a series of significant corporate developments that are likely to have a material impact on the company’s financial performance and may be of keen interest to investors and shareholders.

Key Highlights

• Secured 10 New Contracts Aggregating S\$10.3 Million:
  • For the period from 1 July 2025 to 31 October 2025, the Group has secured a total of 10 new contracts.
  • The combined value of these contracts is S\$10.3 million, with service durations ranging from 3 to 18 months.
  • Management expects these contracts to have a positive impact on both net tangible assets and earnings per share throughout their duration, barring any unforeseen circumstances.
• Reappointed as JTC Demolition Contractor:
  • Reclaims Global has been reappointed as one of JTC’s demolition contractors for a new 3-year term, with an option for JTC to renew for an additional 2 years.
  • This follows the company’s active involvement in JTC’s industrial demolition and reinstatement projects over the past three years.
  • The reappointment supports the company’s participation in JTC’s adaptive reuse framework for industrial buildings and positions it to benefit from the ongoing rejuvenation of industrial land for new economy industries.
• Successful Share Placement Raising S\$7.8 Million:
  • In October 2025, Reclaims Global completed a share placement of 20,000,000 new shares at S\$0.39 per share, raising gross proceeds of S\$7.8 million.
  • Notable institutional investors in the placement include Lion Global Investors Limited, Asdew Acquisitions Pte Ltd, ICH Synergrowth Fund, Ginko-AGT Global Growth Fund, and Mr Tan Kim Seng.
  • Funds raised will be used to capitalize on Singapore’s robust construction outlook and anticipated large-scale coastal protection projects.
• Corporate Governance Note:
  • No directors, controlling shareholders, or their respective associates have any interest in the new contracts, except for their shareholdings in the company.

Business and Strategic Implications

According to Mr. Tan Kok Huat, Executive Director and CEO, while individual contract values may be modest, each project is strategically aligned with the Group’s core capabilities and profitability focus. The management’s strategy is to ensure every project brings clear profit ahead, reinforcing Reclaims Global’s reputation for reliable execution and timely delivery.

The reappointment by JTC is particularly significant, as Singapore’s industrial land is increasingly undergoing rejuvenation to meet the needs of new economy industries. The company’s involvement in JTC’s adaptive reuse framework for industrial buildings is expected to position Reclaims Global at the forefront of this emerging trend.

The successful share placement—supported by reputable institutional investors—demonstrates market confidence in the company’s growth prospects and provides ample capital to pursue future opportunities, especially in light of Singapore’s strong construction sector outlook and upcoming coastal protection projects.

Company Background

Reclaims Global Limited, listed on the SGX Catalist since March 2019, is an integrated service provider specializing in excavation, demolition, building construction solutions, fleet management, and recycling of construction and demolition waste. The company operates through three main business segments: excavation services, logistics and leasing, and recycling. Since its inception in 2009, the Group has established a reputation for reliability and timely completion across a diverse range of construction projects.

For more information, visit the company website at https://reclaims.sg.

Investor Takeaways

• The S\$10.3 million in new contracts and JTC reappointment are expected to have a positive financial impact on the company, potentially supporting higher earnings and asset values.
• The successful share placement enhances the company’s balance sheet and supports future growth initiatives.
• The company’s strategic alignment with Singapore’s evolving construction and industrial landscape presents opportunities for sustained long-term growth.

Contact Information

• Media & Investor Contact: Mr. Alex Tan, [email protected], +65 9451 5252
• Sponsor Contact: Ms Audrey Mok, SAC Capital Private Limited, +65 6232 3210

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The article is based on company announcements and may not reflect all recent events or future developments.

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