Ever Glory United Holdings Limited Launches Public Offer and Announces Strategic Expansion Plans

Key Highlights from the Latest Offer Information Statement

• Public Offer of Up to 2,000,000 Shares: The Company is offering up to 2,000,000 new shares at S\$0.64 per share, with the offer closing on 17 December 2025 at 12:00 p.m.
• Rapid Expansion Through Acquisitions: Since its listing on the Catalist of SGX-ST in May 2023, Ever Glory United Holdings Limited has acquired two established M&E engineering firms: Fire-Guard Engineering Pte. Ltd. (with more than 30 years’ industry experience) and Guthrie Engineering (S) Pte. Ltd. (an industry pioneer).
• Growth Strategy: Management has articulated plans to continue expanding both locally and internationally via joint ventures, mergers and acquisitions, and strategic alliances. The Company intends to leverage its extensive network to explore complementary business opportunities, especially in M&E maintenance services.
• Diversification into Property Development and Investment: Beyond its core Mechanical & Electrical (M&E) engineering business, the Group has begun diversifying into property development and investment. While this segment is currently immaterial to the overall operations, management views this as a critical step towards reducing reliance on its core business and creating new revenue streams.
• Strong Market Position: The Group believes its established industry relationships and deep market understanding position it well to capture new opportunities as they arise in the construction and real estate sectors.

Important Considerations for Shareholders and Potential Investors

• Potential Impact on Share Value:
  • The ongoing expansion, especially through acquisitions and diversification into property, could significantly increase the Group’s future earnings and market share, which are positive catalysts for share price appreciation.
  • However, there are risks associated with integrating new acquisitions and entering new business segments, which could impact profitability if not managed well.
• Public Offer Details:
  • Price per Offer Share: S\$0.64
  • Application Methods: Via OCBC/UOB ATM, Internet Banking, or mBanking, or by submitting the WHITE Application Form with payment.
  • Key Dates:
    • Opening: 11 December 2025, 7:00 a.m.
    • Closing: 17 December 2025, 12:00 p.m.
    • Balloting (if required): 18 December 2025
    • Trading Commences: 19 December 2025, 9:00 a.m. (“Ready” basis)
    • Settlement: 23 December 2025
• Forward-Looking Statements: The Company has explicitly indicated that its statements about future business strategies, expansion, and financial results are forward-looking and subject to risks and uncertainties. Actual results could differ materially from current expectations.

Application Process for Investors

1. Via OCBC/UOB ATM, Internet Banking, or mBanking:
   • Log in and select “Electronic Security(ies) Application” and choose “EVERGLOR”.
   • Enter your CDP Securities Account number and the number of Offer Shares.
   • Confirm details and authorise deduction of the full application amount from your bank account.
2. Via Application Form:
   • Download the WHITE application form from the SGX or Company’s website.
   • Complete the form as per instructions.
   • Attach a cashier’s order/banker’s draft in Singapore dollars for the full application amount.
   • Submit to the Share Registrar by the close of the Public Offer.

Further Information and Disclaimer

The Offer Information Statement and Application Form are available at the offices of Novus Corporate Finance Pte. Ltd. at 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, during office hours (subject to availability).

Disclaimer: This article is for informational purposes only and does not constitute an offer, solicitation, or recommendation to buy or subscribe for any securities in Ever Glory United Holdings Limited. Investors should make decisions solely based on the full Offer Information Statement, after seeking appropriate professional advice. Forward-looking statements in this article are subject to risks, uncertainties and assumptions, and actual outcomes may differ materially. The SGX-ST assumes no responsibility for the contents of this article.

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