Ever Glory United Holdings Completes Major Share Placement: What Investors Need to Know

Key Highlights

• Ever Glory United Holdings Limited has successfully completed the placement of 31,000,000 new ordinary shares at S\$0.55 per share.
• The company’s total issued and paid-up share capital has increased from 347,636,223 shares to 378,636,223 shares (excluding 876,900 treasury shares).
• These new shares will be listed and quoted on the Catalist Board of the SGX-ST, with trading expected to begin on 4 September 2025, at 9:00 a.m.
• New shareholders will have the same rights as existing shareholders, except they will not participate in any dividends, rights, or distributions declared before the allotment date.

What Retail Investors Should Watch For

• Share Dilution: With over 31 million new shares issued, existing shareholders will see their ownership percentage diluted. This could affect voting power and future dividend entitlements.
• Potential Price Impact: The placement price of S\$0.55 per share may act as a reference point for near-term share price movement. Investors should watch how the market reacts once the new shares begin trading.
• Dividend Eligibility: The newly issued shares are not entitled to dividends or other distributions with record dates before their allotment. Existing shareholders will retain those benefits for distributions already declared.
• Catalist Board Listing: The listing of these new shares could generate increased trading liquidity, which may influence share price volatility in the short term.
• Cautionary Advice: The company explicitly advises shareholders and potential investors to exercise caution when trading shares and to seek professional advice if uncertain.

Details of the Placement

On 2 September 2025, Ever Glory United Holdings Limited completed its proposed placement, issuing 31,000,000 new ordinary shares at a price of S\$0.55 per share. The shares were allotted according to the terms of the Placement Agreement. Following this, the total issued and paid-up share capital has grown to 378,636,223 shares (excluding 876,900 treasury shares), up from 347,636,223 shares.

The new shares are scheduled to commence trading on the Catalist Board of the Singapore Exchange (SGX-ST) on 4 September 2025 at 9:00 a.m. The shares will rank pari passu with existing shares, meaning they carry identical rights except for the exclusion from dividends and other distributions declared before their issue date.

The placement has been reviewed by Novus Corporate Finance Pte. Ltd., the sponsor, but not examined or approved by the Singapore Exchange, which takes no responsibility for the announcement’s content.

Potential Implications for Shareholders

Shareholders need to pay close attention to this development. The increase in share capital could lead to changes in the company’s future dividend policies, voting dynamics, and general market perception. The placement price of S\$0.55 per share may influence short-term price movements, especially as the market absorbs the newly issued shares and evaluates the company’s strategic direction.

The exclusion of new shares from earlier dividends may also mean a brief period of differential benefit between existing and new shareholders. However, moving forward, all shares will carry the same rights.

Investors are urged to monitor future company announcements for updates on the use of proceeds from the placement or any new strategic initiatives that may follow this capital raising.

Conclusion

The successful placement of 31 million shares is a significant event for Ever Glory United Holdings Limited and may impact share price, trading liquidity, and investor sentiment. Retail investors should weigh the potential dilution against the company’s prospects and remain vigilant for any further updates that could affect their investment.

Disclaimer: This article is intended for informational purposes only and does not constitute investment advice. Retail investors should consult with professional advisors before making any investment decisions related to Ever Glory United Holdings Limited. The Singapore Exchange assumes no responsibility for the contents of this article.

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