Reclaims Global Secures S\$3.08 Million in New Contracts
Reclaims Global Secures S\$3.08 Million in New Contracts, Signalling Positive Outlook
Key Highlights for Investors
- New Contracts Secured: Reclaims Global Limited, a Singapore-listed eco-friendly integrated service provider, has announced the successful acquisition of multiple new contracts with a combined value of approximately S\$3.08 million.
- Contract Duration & Timeline: These contracts cover the period from 1 November 2025 to 31 January 2026, with service durations ranging from 1 month to 12 months.
- Nature of Contracts: The new projects involve demolition, reinstatement, and other related construction works for both public and private sector clients, underscoring sustained demand for the company’s core expertise in demolition, earthworks, and waste removal.
- Financial Impact: The contracts are anticipated to have a positive impact on the company’s net tangible assets and earnings per share throughout the execution period, barring unforeseen circumstances.
- No Conflict of Interest: The company confirms that none of its directors, controlling shareholders, nor their associates have any direct or indirect interest in these contracts, aside from their existing shareholdings.
Details and Strategic Significance
The award of these contracts is a clear signal of the market’s continued confidence in Reclaims Global’s integrated business model and operational strengths. The contracts, though individually modest, collectively contribute meaningfully to the group’s operational performance. This development could potentially drive shareholder value, especially as the contracts are expected to enhance earnings per share and net tangible assets.
Executive Director and CEO, Mr. Tan Kok Huat, commented on the news, stating, “We are encouraged by the steady flow of new contracts secured. While the individual contract sizes may not be significant on their own, collectively, they provide meaningful contribution to our operations. We will continue to stay disciplined in selecting projects, focus on execution excellence, and sustaining our margins ahead.”
This steady inflow of contracts not only supports the company’s financial outlook but also demonstrates its resilience and competitive positioning within Singapore’s construction sector, especially in the eco-friendly and sustainable solutions space.
About Reclaims Global Limited
Listed on the SGX Catalist since March 2019, Reclaims Global specializes in eco-friendly construction solutions, including excavation, demolition, building construction, logistics and leasing of construction vehicles, and recycling of construction and demolition waste. The group’s integrated business model supports three main areas: excavation services, logistics and leasing, and recycling. Founded in 2009, Reclaims Global has developed a strong reputation for reliable and timely project delivery across diverse segments of the construction industry.
For further information, stakeholders can visit the company’s website at https://reclaims.sg.
Shareholder Considerations
- The aggregate value of the new contracts (S\$3.08 million) is expected to positively impact the company’s financial metrics during the contract periods.
- The contracts reflect an ongoing demand for Reclaims Global’s services, which could support price momentum in the company’s shares.
- No conflicts of interest have been identified in the awarding of these contracts, ensuring high governance standards.
Contact and Regulatory Information
For further media and investor inquiries, contact Mr. Alex Tan at 8PR Asia Pte Ltd ([email protected], +65 9451 5252).
Note: This press release has been reviewed by the company’s sponsor, SAC Capital Private Limited, but has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation. Investors should do their own due diligence or consult a professional financial advisor before making any investment decisions.
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