Reclaims Global

[weijian]

This small cap construction firm has benefitted from the construction boom (to-date) as its core excavation services are used by the main contractors to demolish existing structures or dig construction sites.

In Oct2025, it became a beneficiary of MAS EQDP as it received ~7.5mil of net proceeds from a share placement. The placement was done at a 40% premium to NAV and increased its share count by ~15%. Earlier in 2025, it also announced that it will sell its HQ (an industry building) for ~6mil.

Fast forward to end of 2025, it announced that it would acquire a freehold commercial building for 38.8mil and would be redeveloping it to maximize its potential. The company has a market cap of ~58mil as of today. I am not sure whether this would be a good use of resources (both money and attention) especially when you find yourself in the construction boom and has every opportunity to maximize your presence.

Reclaims Global to Acquire Freehold Commercial Building Near Farrer Park MRT Station for S$38.8 Million

Located at 291 Serangoon Road, Singapore 218107, the corner freehold commercial building is a 3-minute walk from Farrer Park MRT station and situated near City Square Mall and Farrer Park Hospital. 

The freehold commercial building is 6-storey high with a basement carpark and has a gross floor area of 506.8 square meters. The Company plans to redevelop the freehold commercial building to improve building efficiency and increase net lettable area. 

The Company intends to hold this property as an investment and expects to enjoy significant capital appreciation on this property and/or rental income earned from the tenants of the property
https://links.sgx.com/FileOpen/Reclaims%...eID=868738

Placement of 20,000,000 Placement Shares at S$0.39 each has been fully taken up, raising gross proceeds of S$7.8 million.

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, GinkoAGT Global Growth Fund and Mr Tan Kim Seng, among others.
https://links.sgx.com/FileOpen/RGL_Press...eID=864979

[weijian]

This small cap construction firm has benefitted from the construction boom (to-date) as its core excavation services are used by the main contractors to demolish existing structures or dig construction sites.

In Oct2025, it became a beneficiary of MAS EQDP as it received ~7.5mil of net proceeds from a share placement. The placement was done at a 40% premium to NAV and increased its share count by ~15%. Earlier in 2025, it also announced that it will sell its HQ (an industry building) for ~6mil.

Fast forward to end of 2025, it announced that it would acquire a freehold commercial building for 38.8mil and would be redeveloping it to maximize its potential. The company has a market cap of ~58mil as of today. I am not sure whether this would be a good use of resources (both money and attention) especially when you find yourself in the construction boom and has every opportunity to maximize your presence.

Reclaims Global to Acquire Freehold Commercial Building Near Farrer Park MRT Station for S$38.8 Million

Located at 291 Serangoon Road, Singapore 218107, the corner freehold commercial building is a 3-minute walk from Farrer Park MRT station and situated near City Square Mall and Farrer Park Hospital. 

The freehold commercial building is 6-storey high with a basement carpark and has a gross floor area of 506.8 square meters. The Company plans to redevelop the freehold commercial building to improve building efficiency and increase net lettable area. 

The Company intends to hold this property as an investment and expects to enjoy significant capital appreciation on this property and/or rental income earned from the tenants of the property
https://links.sgx.com/FileOpen/Reclaims%...eID=868738

Placement of 20,000,000 Placement Shares at S$0.39 each has been fully taken up, raising gross proceeds of S$7.8 million.

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, GinkoAGT Global Growth Fund and Mr Tan Kim Seng, among others.
https://links.sgx.com/FileOpen/RGL_Press...eID=864979

An interesting turn of events:

Oct2025: Placement of shares at 39cents to raise net proceeds of 7.5mil (4.5mil for core business, 3mil for working capital). Total share based +~15%
Dec2025: Announced acquisition of commercial property for 38.8mil.
Jan2026: 2 SSHs with ~34% stake each placed out total 6% of outstanding shares at 41cents for total ~4.7mil
Mid March 2026: Announced industrial property purchase for 20.5mil.
End March 2026: Announced that 4.5mil of placement proceeds would be re-allocated to commercial property purchase.
July 2026 (and on going): Started SBB and bought ~750k sgd worth of shares at ~20cents (or 40cents pre 1 for 1 bonus)

[Coco]

It might look like Reclaims Global has dropped 50% since the placement but that's misleading.

It completed a 1-for-1 bonus issue in March 2026. Its share count doubled from about 151 million to 302 million, so the theoretical share price should also have halved.

[weijian]

It might look like Reclaims Global has dropped 50% since the placement but that's misleading.

It completed a 1-for-1 bonus issue in March 2026. Its share count doubled from about 151 million to 302 million, so the theoretical share price should also have halved.

hi Coco,

Thanks for the correction. Have modified the previous post accordingly.