Ever Glory United Holdings has announced a public offer of up to 2 million new shares at S$0.64 each, as part of its strategic move to transfer from Catalist to the SGX Mainboard. The offer price represents a 9.1% discount to the volume-weighted average price of S$0.704 recorded on 9 December 2025. The offer period commenced at 7:00 AM on 11 December and will close at 12:00 PM on 17 December 2025.
The company aims to raise an estimated $880,000 (S$1.2m) in net proceeds if the offer is fully subscribed. This initiative is designed to fulfil the Singapore Exchange’s (SGX) Listing Manual Rule 213, which requires a minimum shareholder base of 500 for mainboard listing. Ever Glory’s intention to transfer was first announced on 14 October, and it received in-principle approval on 22 November. The SGX has since issued a listing and quotation notice for the offer shares.
This public offer marks a significant milestone for Ever Glory, enhancing its market visibility and expanding its investor base. The company’s move to the mainboard is expected to strengthen its position and attract a broader range of investors.
