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Singapore “Flyer” of the Week: Sysma Holdings Limited

moneySysma Holdings Limited (SGX: 5UO), which is engaged in providing building construction services to the private sector in Singapore, flew 25.4% this week to clinch our Singapore “Flyer” accolade. The shares closed at $0.42 on Friday.

Sysma went public in August 2012 and “it had undertaken more than 140 projects for residential buildings, commercial buildings, heritage and conservation buildings, institutional buildings, industrial buildings and educational institutions.”

On 17 October 2013, the company announced that it would conduct a placement exercise to 14 individuals to subscribe to ordinary shares of the company. The shares totaling 19,500,000 will be issued at S$0.312 apiece when the exercise completed.

Net proceeds of approximately S$5.8 million will be raised after deducting “estimated expenses”. The net proceeds from the placement will be used to fund the company’s business expansion and for daily operations of the company.

Sin Soon Teng, Executive Chairman and Chief Executive Officer of Sysma, said: “The Placement Shares is to raise additional funding which will enable Sysma to continue to seek opportunities to grow its business further and enhance shareholder value”.

The company is currently trading at a historical PE of 13.7 and has a dividend yield of 2.2%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.