Metrocon raises $3.6 million placement, set to resume SGX trading
What's the deal? Hatten LandDealroom has a profile for this one. Try Dealroom →, rebranding as Metrocon HoldingsDealroom has a profile for this one. Try Dealroom →, has completed a S$4.6 million compliance placement and will resume trading on the SGX Catalist board on September 15, 2026. The Singapore-based geotechnical foundation engineering specialist placed 23,000,000 new shares at S$0.20 each.
What's the endgame? Metrocon provides foundation works, earth retaining structures, and ground improvement services for public housing and infrastructure. It will use the proceeds to upgrade its Building and Construction Authority (BCA) registration, strengthen its workforce, and expand.
By the numbers: Core subsidiary Metrocon Pte. Ltd.Dealroom has a profile for this one. Try Dealroom → reported S$24.39 million in revenue and S$2.09 million profit after tax for the first half of 2026. Gross margins improved to 19.4% on stronger project profitability, and the group's order book stands at S$85.25 million over the next 24 months.
Why now? The placement clears the way for shares to resume trading under the new name, backed by construction industry veterans. Recent wins include soil improvement work for a large public housing project.
The signal: The raise sits in the bottom range of comparable rounds, but it reflects steady demand in Singapore's construction sector. Since 2016, Metrocon has completed more than 40 technically demanding projects in complex environments such as railway reserve zones and live canals, positioning it as a niche player in the city-state's infrastructure pipeline.
Image credit: Generated with Gemini
