SINGAPORE, Nov. 25, 2025 (GLOBE NEWSWIRE) -- SKK Holdings Limited (“SKK Holdings”, “SKK” or the “Company”) (NASDAQ: SKK) will hold its 2025 Annual General Meeting of Shareholders (the “AGM”) at 27 First Lok Yang Road, Singapore 629735 at 10 a.m. (Singapore Time) on December 17, 2025 (which is 9 p.m. (Eastern StandardTime) on December 16, 2025). Holders of the Company’s ordinary shares listed in the register of members of the Company at the close of business on November 21, 2025 (Singapore Time) are entitled ...

Hong Kong, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL) (the “Company”), a civil engineering services provider in Hong Kong, today announced that on November 3, 2025 (the “Closing Date”) it closed its previously announced private placement (the “Private Placement”) of 17,370,909 Class A Ordinary Shares and/or Prefunded Warrants in lieu of Class A Ordinary Shares , together with Class A Ordinary Share Purchase Warrants to purchase up to 17,370,909 Class A Ordinary S ...

October 31, 2025 05:01 AM GMT China Economics | Asia Pacific Oct PMI: Payback, But Some Greenshoots Key Takeaways Manufacturing PMI held up better than it appears: The sharp drop in Oct manufacturing PMI was mainly due to the timing shift of the Mid-Autumn Festival to October this year, which led to front-loaded production in September. Removing the distortion, Sep-Oct combined manufacturing PMI was at 49.4, the same as the Aug reading. Signs of fiscal pass-through: Both construction and service PMIs underp ...

Core Insights - SKK Holdings Limited has appointed Chaince Securities LLC as its strategic advisor to develop a comprehensive tokenization and digital asset treasury strategy [1][2] - The collaboration aims to integrate digital asset capabilities into SKK's business model, enhancing capital efficiency and investor engagement [2][4] - SKK's CEO expressed confidence that this strategy will accelerate growth and add value for shareholders [3] Company Overview - SKK Holdings Limited is a civil engineering service provider based in Singapore, specializing in subsurface utility works [1][6] - The company has over 10 years of experience in various public utility projects, including power and telecommunication cable laying, water pipeline works, and sewer rehabilitation [6] Strategic Partnership - Chaince Securities will advise SKK on structuring its digital asset treasury, capital market strategy, and exploring staking and validator node opportunities [2][4] - This partnership reflects Chaince's expertise in bridging traditional finance with the digital asset economy [5][7]

Core Points - Skyline Builders Group Holding Limited has entered into a definitive securities purchase agreement for a private placement of 17,370,909 Class A ordinary shares and associated warrants, aiming for gross proceeds of approximately $23.885 million [1][3] Group 1: Offering Details - The offering includes Class A ordinary shares and prefunded warrants, with a purchase price of $1.375 for one Class A ordinary share and one ordinary warrant, and $1.37499 for one prefunded warrant and one ordinary warrant [1][2] - Each prefunded warrant is immediately exercisable at an exercise price of $0.0001 per share, while each ordinary warrant is exercisable at $1.50 per share until the fifth anniversary of issuance [2] Group 2: Use of Proceeds - The company intends to use the net proceeds from the offering for general working capital and other corporate purposes [3] Group 3: Company Overview - Skyline Builders Group Holding Limited operates as an approved public works contractor in Hong Kong, focusing on civil engineering services, including roads and drainage works [6] - The company primarily undertakes public sector infrastructure projects and private sector residential and commercial developments [6]

Opportunity Identification & Economic Development - The speaker highlights the economic disparity, using the example of a civil engineer earning significantly less in India (15,000 rupees/month) compared to the UK (300,000 rupees/month), as a driver for seeking opportunities to bridge economic gaps [1][2] - The speaker emphasizes that societal progress creates opportunities for innovation and problem-solving, urging individuals to leverage their intellect to build solutions [3] - Tier 2 cities like Nagpur present unique opportunities due to existing gaps, such as the lack of top-ranked colleges, which can be addressed through innovative ideas and initiatives [4][5] - Historical examples, such as the transformation of Mumbai from seven islands to a major port city over 250 years, illustrate the long-term impact of visionary ideas and dedicated efforts [6][7] - The speaker points out that the economic gap, with some Nagpur residents worth over 100 billion rupees while others earn less than 10,000 rupees/month, is a generator of opportunities [10][11] Entrepreneurship & Value Creation - The speaker defines entrepreneurship as identifying the needs of the masses and providing products or services that address those needs, leading to both financial success and societal value [29] - The speaker suggests focusing on simple ideas and dedicating oneself to solving one problem, drawing parallels with successful figures like Narayan Murthy and Ratan Tata [26][27] - The speaker advocates for using code and media to create asymmetrical returns, citing Minecraft as an example of a single person creating immense value through code [21][22] - The speaker encourages those who have achieved success to share their strategies to inspire and empower others, emphasizing the importance of focused effort and problem-solving [24][25] Local Focus & Community Impact - The speaker encourages individuals to identify opportunities within their own cities, using examples like addressing the lack of parking or promoting fitness [14] - The speaker suggests that visionary individuals should return to their cities and replicate successful models from other places, such as affordable healthcare solutions [19][20] - The speaker urges the youth to be passionate, energetic, and driven to improve themselves and inspire others, focusing on making a positive change in their city [30][31]

Core Points - SKK Holdings Limited has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement of $1 per share, with a compliance period that ended on October 13, 2025 [1] - The company has been granted an additional 180-day extension until April 13, 2026, to regain compliance with Nasdaq's listing requirements [2] - SKK Holdings is actively evaluating options to achieve compliance within the new extension period, although there is no guarantee of success [3] Company Overview - SKK Holdings Limited is a civil engineering service provider specializing in subsurface utility works in Singapore, with over 10 years of experience in public utility projects [4]

Core Insights - Elon Musk, a serial entrepreneur, has a net worth of $485.5 billion as of October 13, according to Forbes [1] Company Summaries - **Zip2**: Founded in 1995 with $28,000 from Musk's father, Zip2 generated online city guides and was sold to Compaq for $307 million in 1999, netting Musk $22 million [3] - **PayPal**: Musk co-founded X.com with Zip2 profits, which merged with Confinity to become PayPal. eBay acquired PayPal in 2002 for $1.5 billion in stock, resulting in Musk receiving $165 million [4] - **SpaceX**: Founded in 2002, SpaceX has completed 555 space missions and is valued at $400 billion, with Starlink as a subsidiary providing global high-speed internet [5] - **Tesla**: Co-founded in 2003, Tesla went public in 2010 at $17 per share, which has risen to $435.90 per share as of October 13 [6] - **Neuralink**: Established in 2016, Neuralink focuses on brain-computer interfaces for individuals with disabilities and was valued at $9 billion in May 2025 [7] - **The Boring Company**: Founded in 2017, this civil engineering firm has completed projects including the Las Vegas Convention Center Loop, a 1.7-mile transport system [8]

Core Insights - ZenaTech, Inc. has announced the acquisition of Lescure Engineers Inc., marking its first Drone as a Service (DaaS) acquisition in Northern California, which is a strategic move to enter a dynamic market for precision agriculture and land development [1][2][4] Company Overview - ZenaTech specializes in AI drones, DaaS, Enterprise SaaS, and Quantum Computing solutions, aiming to enhance operational efficiencies and cost savings across various sectors including agriculture, defense, and logistics [5][6] - The company has been expanding its DaaS business through acquisitions, with a goal of establishing 25 DaaS locations by mid-next year [4] Market Context - California's agricultural economy, which includes nearly 90% of US vineyard acreage, presents a significant opportunity for ZenaTech's AI-powered DaaS solutions, particularly in precision agriculture [3] - The acquisition of Lescure Engineers, which has expertise in civil engineering and land surveying, is expected to enhance ZenaTech's capabilities in providing sustainable and precise solutions for agriculture and viticulture [2][3] Strategic Goals - The acquisition is part of ZenaTech's broader strategy to innovate within the drone industry by integrating existing businesses that can benefit from drone technology, thereby creating a scalable, tech-enabled multiservice drone business [4]

Core Viewpoint - Skyline Builders Group Holding Limited has successfully closed a private placement, raising a total of $17,775,000 through the issuance of Class A ordinary shares and various warrants [3][4]. Group 1: Private Placement Details - The private placement included 1,359,314 Class A ordinary shares, 22,990,000 prefunded warrants, and two types of warrants (A and B) to purchase up to 24,349,314 Class A ordinary shares each [1][2]. - The purchase price for a combination of one Class A ordinary share, one A warrant, and one B warrant was set at $0.73, while the combination of one prefunded warrant, one A warrant, and one B warrant was priced at $0.7299 [1]. Group 2: Use of Proceeds - Approximately $7,000,000 of the net proceeds from the offering was utilized to retire 18,500,000 Class A ordinary shares owned by Supreme Development (BVI) Holdings Limited, which is beneficially owned by the Company's CEO [4]. - The remaining proceeds are allocated for general working capital and other corporate purposes [4]. Group 3: Company Overview - Skyline Builders Group Holding Limited operates as an Approved Public Works Contractor in Hong Kong, focusing on civil engineering services, particularly in public sector infrastructure projects [8]. - The company primarily undertakes civil engineering works as a subcontractor but is also qualified to act as a main contractor [8].