Beverly Wilshire Ltd. Completes Multiple Share Issuances, Expanding Share Capital and Finalising Key Transactions

Key Highlights

• Completion of Share Issuances to Six Parties: Beverly Wilshire Ltd. has completed share issuances to Leow Hoi Loong, Tee Lay Yeong, Lim Sin Khong, Struys Leslie Oswin, Cheah Sin Hing, and Evolve Capital Advisory Private Limited.
• Aggregate Shares Issued: The total number of shares issued in these transactions is 39,024,331, resulting in an increase in the Company’s total share capital from 1,151,998,391 to 1,192,022,722 shares.
• Allotments and Pricing:
  • Leow Hoi Loong: 8,547,008 shares at S\$0.0117 per share.
  • Tee Lay Yeong: 5,000,000 shares at S\$0.0100 per share.
  • Lim Sin Khong: 7,281,553 shares at S\$0.0103 per share.
  • Struys Leslie Oswin: 4,854,368 shares at S\$0.0103 per share.
  • Cheah Sin Hing (in lieu of outstanding remuneration): 5,569,473 shares at S\$0.0114 per share, capitalising S\$63,492 of remuneration owed.
  • Evolve Capital Advisory Private Limited (for professional fees): 8,771,929 shares at S\$0.0114 per share.
• Shares Fully Paid and Pari Passu: All shares are issued fully paid, free from encumbrances, and rank pari passu with existing shares, except they will not participate in dividends, rights, or other distributions whose record dates fall on or before the issue date.
• Listing on Catalist: All new shares are expected to be listed and quoted on the SGX Catalist board from 9:00 a.m. on 30 January 2026.
• Caution to Shareholders: The company has advised shareholders and investors to exercise caution while trading, as further announcements may be made, which could impact share value.

Detailed Developments

Beverly Wilshire Ltd. (the “Company”), together with its subsidiaries (the “Group”), has finalised a series of strategic share issuances as part of its recent corporate actions. These include both equity subscriptions by key individuals and settlement of outstanding debts and professional fees using equity, which collectively enhance the Company’s capital base and may have implications for future growth and governance.

1. Share Issuance to Key Investors and Stakeholders

• Leow Hoi Loong: On 29 January 2026, the Company allotted and issued 8,547,008 shares at S\$0.0117 per share to Leow Hoi Loong under a subscription agreement.
• Tee Lay Yeong: Issued 5,000,000 shares at S\$0.0100 per share on the same date.
• Lim Sin Khong: Issued 7,281,553 shares at S\$0.0103 per share.
• Struys Leslie Oswin: Issued 4,854,368 shares at S\$0.0103 per share.

These share issuances were completed as per respective subscription agreements announced previously and are part of the Company’s capital raising exercises. The shares are fully paid and rank equally with existing shares, except for exclusion from dividends or distributions with record dates prior to their issuance.

2. Capitalisation of Outstanding Remuneration

• Cheah Sin Hing: The Company capitalised S\$63,492 in outstanding remuneration owed to Cheah Sin Hing by issuing 5,569,473 shares at S\$0.0114 per share.

This conversion of debt to equity strengthens the Company’s balance sheet and aligns management interests with shareholders.

3. Payment of Professional Fees in Shares

• Evolve Capital Advisory Private Limited: Issued 8,771,929 shares at S\$0.0114 per share as payment for professional advisory services.

Settling professional fees via equity preserves cash and further aligns the interests of external advisors with the Company’s performance.

4. Increase in Share Capital and Listing Details

With the conclusion of these transactions, the Company’s total issued share capital has increased to 1,192,022,722 shares. The newly issued shares will be listed and quoted on the SGX Catalist from 9:00 a.m. on 30 January 2026, providing immediate liquidity to new shareholders.

Potential Price-Sensitive Implications

• Dilution of Existing Shareholders: The issuance of 39,024,331 new shares represents a dilution of existing shareholdings, which could affect the share price, especially if the market perceives the share placements as dilutive without corresponding value creation.
• Strategic Alignment and Cash Flow: Payment of debts and fees using equity rather than cash may improve the Company’s cash position, potentially supporting future operational or strategic investments.
• Board and Advisor Alignment: By issuing shares to management and advisors, the Company is incentivising key personnel and stakeholders to focus on long-term value creation.

Important Notice to Shareholders

The Company has explicitly cautioned shareholders and potential investors to exercise care in trading the Company’s shares. Further announcements may follow, and it is advised to remain alert to future disclosures that could impact the Company’s value or strategy. If in doubt, investors should consult with professional advisors before making any investment decisions.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. The information is based on the official announcements by Beverly Wilshire Ltd. as of 29 January 2026. Investors should conduct their own research and consult licensed financial professionals before making investment decisions. The Company’s sponsor, Evolve Capital Advisory Private Limited, has reviewed the official announcement but the Singapore Exchange assumes no responsibility for the contents herein.

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