Title: “Ever Glory United Holdings Announces Bonus Issue and Convertible Bond Offering – A Potential Game-Changer for Investors”
Ever Glory United Holdings Limited (the “Company”), a recently listed company on the Catalist board of the Singapore Exchange Securities Trading Limited (SGX-ST), has made two significant announcements that could have a substantial impact on its share price and investor sentiment.
Firstly, the Company has proposed a bonus issue of new ordinary shares, where shareholders will receive 1 new share (a “Bonus Share”) for every 5 existing shares they hold. This means that for every 5 shares an investor currently owns, they will receive 1 additional share for free. 1 This bonus issue, if approved, will increase the total number of shares outstanding and could potentially boost the liquidity of the stock, making it more attractive to investors.
Secondly, the Company has also announced plans to issue convertible bonds worth up to S$5 million. These bonds can be converted into new ordinary shares of the Company (the “Conversion Shares”) at a conversion price of S$0.30 per share. 1 This convertible bond offering could provide the Company with additional funding to support its growth and expansion plans, which could be seen as a positive by investors.
The SGX-ST has issued a listing and quotation notice for the Bonus Shares and the Conversion Shares, subject to the Company’s compliance with the relevant listing requirements. 1 This is a crucial step in the process, as it indicates that the Singapore Exchange is willing to list these new shares, which could make them more attractive to investors.
It is important for shareholders and potential investors to note that the listing and quotation notice is not an indication of the merits of the Proposed Bonus Issue, the Bonus Shares, the Conversion Shares, the Convertible Bonds, the Company, its subsidiaries, and their securities. 1 Investors should still exercise caution when dealing in the Company’s securities and seek independent advice if they are unsure.
The Company has stated that it will announce the details of the Record Date for the purpose of determining Shareholders’ entitlements to the Bonus Shares, as well as any further material developments in relation to the Proposed Issue of Convertible Bonds in due course. 1 Investors should keep a close eye on these announcements, as they could have a significant impact on the value of their investments.
Disclaimer: This article is for informational purposes only and does not constitute a recommendation to buy, sell, or hold any securities of Ever Glory United Holdings Limited. Investors should conduct their own research and seek independent financial advice before making any investment decisions.

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