Skyline Builders (SKBL) exits Reemag with $3M stake assignment deal

Rhea-AI Filing Summary

Skyline Builders Group Holding Limited has agreed to sell its entire 13.09% membership interest in Reemag LLC. On May 14, 2026, the company entered into an Assignment and Assumption Agreement to transfer this stake and related rights under an Amended Subscription Agreement.

In return, Skyline Builders will receive a $3,000,000 cash payment. The deal also assigns all of Skyline’s future rights and obligations to acquire additional Reemag interests under the Amended Subscription Agreement, effectively exiting this investment relationship.

Insights

Cross-border M&A and capital allocation analyst

Skyline Builders cashes out its Reemag stake for $3 million.

Skyline Builders Group Holding Limited is monetizing its 13.09% membership interest in Reemag LLC. The Assignment and Assumption Agreement also transfers all future rights and obligations under the Amended Subscription Agreement, so Skyline fully steps away from this investment exposure.

The company will receive a $3,000,000 cash payment, which increases liquidity, though the excerpt does not state how the funds will be used. The transaction closes via an assigned interest rather than an asset sale, which is common for LLC holdings and helps streamline the exit.

Future company filings may explain whether this divestiture is part of a broader strategic refocus or simply a portfolio adjustment. The significance for Skyline’s overall financial position depends on Reemag’s prior contribution and the relative size of the $3 million inflow.

Key Figures

Reemag membership interest sold: 13.09% membership interest Cash consideration: $3,000,000 Assignment and Assumption Agreement date: May 14, 2026 +3 more

6 metrics

Reemag membership interest sold 13.09% membership interest Full LLC membership interest assigned under May 14, 2026 agreement

Cash consideration $3,000,000 Payment to Skyline Builders for assignment of Reemag interest and rights

Assignment and Assumption Agreement date May 14, 2026 Execution date of agreement with Reemag LLC and assignee

Subscription Agreement date November 26, 2025 Original Subscription Agreement between Skyline and Reemag

First Amendment date March 26, 2026 Date of First Amendment to Subscription Agreement

Form 6-K signing date May 18, 2026 Date the report was signed by Executive Chairman Paul Mann

Key Terms

Assignment and Assumption Agreement, Subscription Agreement, Amended Subscription Agreement, membership interest, +1 more

5 terms

Assignment and Assumption Agreement financial

"entered into an assignment and assumption agreement (the “Assignment and Assumption Agreement”) with Reemag LLC"

An assignment and assumption agreement is a legal document that transfers a contract’s rights from one party to another while also shifting the related responsibilities and obligations to the receiving party. Think of it as handing over a job along with its to-do list and agreeing who will complete each task going forward. Investors care because such transfers can change who is responsible for payments, liabilities or performance, which can affect a company’s financial risk and future cash flow.

Subscription Agreement financial

"under that certain Subscription Agreement between the Company and Reemag dated as of November 26, 2025"

A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.

Amended Subscription Agreement financial

"as amended by that certain First Amendment to Subscription Agreement dated as of March 26, 2026 (as so amended, the “Amended Subscription Agreement”)"

membership interest financial

"its full 13.09% LLC membership interest in Reemag"

foreign private issuer regulatory

"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

FAQ

What transaction did Skyline Builders Group Holding Limited (SKBL) report in this 6-K?

Skyline Builders reported an agreement to sell its entire 13.09% membership interest in Reemag LLC. The deal also transfers all related rights and obligations under an Amended Subscription Agreement to an assignee in exchange for a $3,000,000 cash payment.

How much cash will Skyline Builders (SKBL) receive from the Reemag stake sale?

Skyline Builders will receive a $3,000,000 cash payment for assigning its Reemag LLC interest. This payment covers the 13.09% membership stake and all transferred rights and obligations under the Amended Subscription Agreement described in the Form 6-K filing.

What percentage interest in Reemag LLC did Skyline Builders (SKBL) assign?

Skyline Builders assigned its full 13.09% LLC membership interest in Reemag. That interest, along with related rights and obligations under an Amended Subscription Agreement, is being transferred to an assignee under the Assignment and Assumption Agreement dated May 14, 2026.

What agreements are involved in Skyline Builders’ (SKBL) Reemag transaction?

The transaction centers on an Assignment and Assumption Agreement with Reemag LLC and an assignee. It transfers Skyline’s rights and obligations under a Subscription Agreement dated November 26, 2025, as amended March 26, 2026, together called the Amended Subscription Agreement.

Does Skyline Builders (SKBL) retain any future rights in Reemag LLC after this deal?

No, Skyline Builders is assigning its full 13.09% Reemag membership interest plus all related future rights and obligations. This includes rights to acquire additional membership interests under the Amended Subscription Agreement, effectively ending its contractual involvement with Reemag LLC.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 05/18/2026 - 06:12 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 001-42461

SKYLINE BUILDERS GROUP HOLDING LIMITED

(Registrant’s Name)

Office A, 15/F, Tower A, Capital Tower,

No. 38 Wai Yip Street, Kowloon Bay, Hong Kong

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

Information contained in this report

On May 14, 2026, Skyline Builders Group Holding Limited, a Cayman Islands exempted company with limited liability (the “Company”), entered into an assignment and assumption agreement (the “Assignment and Assumption Agreement”) with Reemag LLC (“Reemag”) and the assignee of the Company’s membership interest in Reemag (the “Assignee”). Pursuant to the Assignment and Assumption Agreement, the Company has agreed to sell, transfer, and assign to the Assignee (i) its full 13.09% LLC membership interest in Reemag, (ii) certain future rights and obligations of the Company to acquire additional membership interests in Reemag under that certain Subscription Agreement between the Company and Reemag dated as of November 26, 2025, as amended by that certain First Amendment to Subscription Agreement dated as of March 26, 2026 (as so amended, the “Amended Subscription Agreement”), and (3) all other rights and obligations of the Company under the Amended Subscription Agreement, in consideration for a cash payment to the Company of $3,000,000.

The foregoing summary of the Assignment and Assumption Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the Form of Assignment and Assumption Agreement, attached as Exhibit 10.1 to this Report on Form 6-K, which is incorporated herein by reference.

1

EXHIBIT INDEX

Exhibit No.		Description
10.1		Form of Assignment And Assumption Agreement

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Skyline Builders Group Holding Limited
Date: May 18, 2026	By:	/s/ Paul Mann
	Name:	Paul Mann
	Title:	Executive Chairman

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Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT 45.6 KB