Skylink buys Chuang Li Partners' engineering assets in $1.75m deal

Total consideration includes earnings-linked earn-out

Skylink Holdings has agreed to acquire the operating business and selected assets of Chuang Li Partners for total consideration of up to $1.75m, according to a press release.

The consideration comprises a $750,000 cash base payment and up to $1m in deferred consideration linked to audited 12-month adjusted net profit after tax attributable to equity holders of the acquisition vehicle, as defined in the agreement.

The deferred amount becomes fully payable only if profits reach at least $350,000. Deferred consideration will be settled through a combination of cash of up to $500,000 and new shares issued by Skylink at $0.30 per share.

The share issuance would result in maximum dilution of about 0.94%. On a pro forma basis, earnings per share would increase to 1.74 Singapore cents from 1.55 cents following completion, according to the filing.

Upon completion, Skylink will hold an 80% interest in the acquisition vehicle, with vendor-linked shareholders retaining 20%, preserving operational continuity while maintaining group control.

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