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Ever Glory United Holdings Allots Shares to New CEO Alan Tay

Story Highlights
  • Ever Glory United Holdings focuses on engineering solutions and strategic acquisitions.
  • The company allots shares to Alan Tay, reinforcing leadership without altering control.
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Ever Glory United Holdings Allots Shares to New CEO Alan Tay

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Ever Glory United Holdings Limited ( (SG:ZKX) ) just unveiled an announcement.

Ever Glory United Holdings Limited announced the allotment of 431,034 shares to Alan Tay Yeow Kee as part of a service agreement following its acquisition of Guthrie Engineering. Alan Tay, appointed as CEO of Guthrie Engineering, will hold a minor stake in the company, ensuring no change in controlling interest, and this move aligns with the company’s strategic growth and leadership reinforcement.

More about Ever Glory United Holdings Limited

Ever Glory United Holdings Limited, incorporated in Singapore, operates in the engineering sector with a focus on acquiring and managing engineering companies. Its primary services include engineering solutions and management, with a market focus on expanding its portfolio through strategic acquisitions.

Average Trading Volume: 24,329

Technical Sentiment Signal: Buy

Current Market Cap: S$199.4M

See more insights into ZKX stock on TipRanks’ Stock Analysis page.

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