Beverly Wilshire Ltd. Receives SGX Listing and Quotation Notice for New Share Issuances

Key Points for Investors

• Beverly Wilshire Ltd. has received approval from the Singapore Exchange (SGX-ST) for the listing and quotation of several new share issuances.
• The approvals relate to recent subscription agreements and compensation arrangements involving prominent individuals and entities.
• These issuances represent significant capital inflow and dilution events, which may impact share price and shareholder value.
• There is a strict timeline for these new shares to be placed out, with a seven (7) market day deadline from the date of the listing and quotation notice (LQN).
• The company warns shareholders and investors that the transactions are not yet completed, and terms may change, introducing uncertainty and potential volatility.

Details of the New Share Issuances

The board of directors of Beverly Wilshire Ltd. announced the receipt of the SGX-ST Listing and Quotation Notice (LQN) on 21 January 2026. This LQN relates to the proposed listing and quotation of the following new ordinary shares on the Catalist Board:

• Leow Hoi Loong: 8,547,008 shares at S\$0.0117 per share, pursuant to a Subscription Agreement dated 7 October 2025.
• Tee Lay Yeong: 5,000,000 shares at S\$0.0100 per share, pursuant to a Subscription Agreement dated 20 November 2025.
• Lim Sin Khong: 7,281,553 shares at S\$0.0103 per share, pursuant to a Subscription Agreement dated 9 January 2026.
• Struys Leslie Oswin: 4,854,368 shares at S\$0.0103 per share, pursuant to a Subscription Agreement dated 9 January 2026.
• Cheah Sin Hing: 5,569,473 shares at S\$0.0114 per share, pursuant to a Debt Capitalisation Agreement dated 9 January 2026 (capitalisation of outstanding remuneration).
• Evolve Capital Advisory Private Limited: 8,771,929 shares at S\$0.0114 per share, pursuant to an Agreement dated 9 January 2026 (payment of professional fees).

The total new shares to be issued under these agreements amount to 40,024,331 shares, representing a substantial expansion of the company’s issued capital.

Important Considerations for Shareholders

• Potential Dilution: The issuance of over 40 million new shares will dilute existing shareholdings. Investors should assess the impact on their percentage ownership and future voting power.
• Capital Inflow and Use of Proceeds: The company is raising funds and settling obligations (remuneration, professional fees) through new share issuances. This may strengthen its balance sheet but also signals a reliance on equity rather than cash payments.
• Share Placement Deadline: All new shares must be placed out within seven (7) market days from the date of the LQN (i.e., by approximately 30 January 2026), meaning rapid changes in the shareholder register are imminent.
• Transaction Uncertainty: The company cautions that there is no certainty that the transactions will be completed as planned, or that terms will not be amended. Investors should expect potential volatility and remain vigilant.
• Regulatory Note: The SGX-ST’s LQN does not represent an endorsement of the merits of these transactions or the company itself.

Potential Price Sensitivity and Impact

These developments are highly price-sensitive for the following reasons:

• The significant increase in issued shares may exert downward pressure on the share price due to dilution.
• Rapid completion and placement of new shares could result in changes to the controlling shareholders and overall market dynamics.
• Uncertainty about completion and possible changes to terms introduces risk and could increase volatility in the stock.
• Investors may react to the company’s reliance on equity for payments and debt capitalisation, interpreting it as a signal of liquidity or solvency concerns.

Management Statement

The announcement is issued by Dato’ Ng Tian Sang @ Ng Kek Chuan, Deputy Chairman and CEO. The company assures shareholders that further updates will be provided as developments occur. Shareholders and investors are urged to monitor the company’s announcements and consult professional advisers if in doubt about their investment actions.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. The information is based on public disclosures by Beverly Wilshire Ltd. and may be subject to change. Investors should exercise caution and consult their financial advisers before making investment decisions. Neither the author nor the publisher assumes any responsibility for investment losses based on this article.

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