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An update from Ever Glory United Holdings Limited ( (SG:ZKX) ) is now available.
Ever Glory United Holdings Limited, a company incorporated in Singapore, has announced a public offer of up to 2,000,000 new shares at an offering price of S$0.64 per share. This move is in preparation for the company’s proposed transfer from the Catalist Board to the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST). The offering price represents a 9.1% discount to the volume-weighted average price of the shares. The public offer aims to meet the requirement of having at least 500 shareholders, which is necessary for the transfer to the Main Board. The issuance of these shares will not result in a controlling interest transfer, thus not requiring specific shareholder approval.
More about Ever Glory United Holdings Limited
Average Trading Volume: 277,328
Technical Sentiment Signal: Hold
Current Market Cap: S$258.8M
For detailed information about ZKX stock, go to TipRanks’ Stock Analysis page.