Ten-League International Holdings Limited Announces Pricing of Initial Public Offering

Core Viewpoint - Ten-League International Holdings Limited has announced the pricing of its initial public offering (IPO) of 2,240,000 ordinary shares at a price of US$4.00 per share, with expected gross proceeds of US$6,431,360 before expenses [1][2]. Group 1: Offering Details - The IPO consists of 1,607,840 shares offered by the Company and 632,160 shares by selling shareholders [1]. - The shares are approved for listing on the Nasdaq Capital Market under the ticker symbol "TLIH" and are expected to commence trading on July 08, 2025 [1]. - The Offering is expected to close on or about July 09, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated for several purposes, including expanding the Company's product offering, improving automation processes, investing in equipment and technology, strategic acquisitions, marketing, repayment of bank borrowing, and general corporate purposes [2]. Group 3: Company Overview - Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions, primarily engaged in sales and rental of heavy equipment, and engineering consultancy services for various industries [6]. - The Company's equipment is categorized into four types: foundation equipment, hoist equipment, excavation equipment, and port machinery [6]. - The mission of the Company is to deliver high-quality equipment and value-added engineering solutions while continuously adapting to new technologies [6].