Business: |
We are a Singapore-based provider of turnkey project solutions. Our business primarily consists of sales and rental of heavy equipment and parts, as well as the provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. (Incorporated in the Cayman Islands)
Our mission is to provide high-quality equipment and value-added engineering solutions as well as maintenance and repair services through continuous adaptation and application of new technologies.
We currently conduct our operations through our wholly owned subsidiaries, Ten-League Engineering & Technology Pte. Ltd., or Ten-League (E&T), and Ten-League Port Engineering Solutions Pte. Ltd., or Ten-League (PES), which were previously held by Ten-League Corp. before our group reorganization for the listing of our ordinary shares. Together with the operating history of Ten-League Corp., we have a total of over 24 years of history operating our business.
The equipment we provide is categorized into (i) foundation equipment; (ii) hoist equipment; (iii) excavation equipment, and (iv) port machinery.
We have been supplying fully electric reach stackers and empty container handlers to port operators in Singapore since 2021. We have been contracted to supply electric prime movers with swappable battery packs and build charging infrastructure since October 2022 by the leading port operator based in Singapore. Meanwhile, we are actively exploring the market for fully electric wheel loaders, excavators and forklifts, and offering them as a part of our fleet of electrified equipment.
**Note: Net income and revenue are for the 12 months that ended June 30, 2024, in U.S. dollars converted from Singapore dollars.
(Note: Ten-League International Holdings Ltd. priced its small-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold 2.24 million shares – the number of shares in the prospectus – to raise $8.96 million on Monday night, July 7, 2025. Background: Ten-League International Holdings Ltd. filed an F-1/A dated March 14, 2025, disclosing that it has cut its IPO’s size by 20 percent to 2.24 million ordinary shares – down from 2.8 million shares – and kept the price range at $4.00 to $5.00 – to raise $10.08 million, if priced at the $4.50 mid-point of its range. Of the 2.24 million shares in the IPO, the company is offering 1.61 million shares (1,607,840 shares) and the selling shareholders, Ten-League Corp. and Jules Verne, are selling an aggregate of 632,160 ordinary shares. The selling shareholders’ individual portions are: Ten-League Corp. is selling 92,160 shares and Jules Verne is selling 540,000 shares. The company will not receive any proceeds from the sale of the selling shareholders’ shares.)
(Note: Ten-League International Holdings filed an F-1/A dated Oct. 17, 2024, updating its financial statements for the six months that ended June 30, 2024. Background: Ten-League International Holdings filed an F-1/A dated July 15, 2024, naming Bancroft Capital as the sole book-runner, replacing Eddid Securities USA. Previous Background: Ten-League International Holdings updated its financial statements to include the year ended Dec. 31, 2023, in an F-1/A filing dated June 4, 2024.)
(Note: Ten-League International Holdings Ltd. filed an F-1/A dated Feb. 23, 2024, and disclosed terms for its IPO: 2.8 million shares at a price range of $4.00 to $5.00 to raise $12.6 million. The company is offering 2.01 million shares (2,009,800 shares) and selling shareholders are offering 790,200 shares, according to the prospectus. Ten-League International will not receive any proceeds from the sale of the selling shareholders’ stock. Ten-League International Holdings filed its F-1 on Nov. 1, 2023; the company submitted confidential IPO documents to the SEC on July 7, 2023.)
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