The Business Times

Ever Glory United Holdings

Companies & Markets

Ever Glory United to move to SGX mainboard on Dec 29; public offer 7.6 times subscribed

Application monies received amount to around S$9.8 million

Construction demand in the Republic is projected at S$47 billion to S$53 billion in 2025, driven by mega projects such as the Cross Island Line.
Companies & Markets
BROKERS’ TAKE

KGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore

Its asset-light model and careful working-capital management enable disciplined expansion, says analyst

The offer price of S$0.64 per share represents a 9.1% discount to the volume-weighted average price of S$0.704 for trades done on Dec 9.
Companies & Markets

Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard

It will raise around S$1.2 million in net proceeds if the offer is fully subscribed

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