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An update from Ever Glory United Holdings Limited ( (SG:ZKX) ) is now available.
Ever Glory United Holdings Limited has successfully completed a placement of 31 million new shares, raising approximately S$17.05 million. The placement attracted strong interest from institutional and accredited investors, indicating confidence in the company’s growth potential and strategic direction. The funds will be used for working capital and to partially finance the acquisition of Guthrie Engineering, further strengthening Ever Glory’s capabilities in the mechanical and electrical engineering sector. This move positions the company to capitalize on significant opportunities in Singapore’s built environment sector over the next decade.
More about Ever Glory United Holdings Limited
Ever Glory United Holdings Limited is a Singapore-based mechanical and electrical engineering service provider, focusing on the built environment sector. The company is involved in major infrastructure and development projects in Singapore, enhancing its market positioning through strategic acquisitions like Guthrie Engineering.
Average Trading Volume: 45,822
Technical Sentiment Signal: Buy
Current Market Cap: S$249.7M
For a thorough assessment of ZKX stock, go to TipRanks’ Stock Analysis page.