Sanli raises $10m with 38-million share placement

The net proceeds will support execution of project pipelines.

Sanli Environmental Limited completed a placement of more than 38 million new shares at $0.260 each, raising gross proceeds of more than $10m, according to the company’s media release.

The company stated that net proceeds will be applied toward general working capital, including supporting the execution of ongoing engineering, procurement and construction projects. SAC Capital acted as placement agent, with Maybank Securities serving as sub-placement agent.

The Group’s order book reached $781.5m as at 30 September 2025, supported by recent contract awards. These include a $281.0m Land Transport Authority project secured in October 2025 and a $205.0m PUB project awarded in November 2025.