---
title: "Ever Glory Group plans to issue 2 million new shares to the public at a price of 0.64 yuan per share | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/269247586.md"
description: "Ever Glory plans to transfer from the Growth Enterprise Market to the Main Board and issue up to 2 million new shares, priced at HKD 0.64 per share, a discount of 9.1% to the volume-weighted average price. The new shares will account for 0.52% of the group's enlarged capital. If fully subscribed, the net proceeds will be approximately HKD 1.15 million, which will be used for working capital"
datetime: "2025-12-10T14:56:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269247586.md)
  - [en](https://longbridge.com/en/news/269247586.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269247586.md)
---

# Ever Glory Group plans to issue 2 million new shares to the public at a price of 0.64 yuan per share | Lianhe Zaobao

Ever Glory United Holdings, an electromechanical engineering service company listed on the Catalist board, earlier disclosed that it has received in-principle approval from the Singapore Exchange to transfer to the mainboard. In conjunction with this transfer plan, the group announced the issuance of new shares for public subscription.

Ever Glory United Holdings released a statement on Wednesday (December 10) disclosing the details of the new share subscription. A maximum of 2 million new shares will be issued at a price of SGD 0.64 per share, and this will be completed before the shares are transferred from the Catalist board to the mainboard for trading. The shares to be issued will be listed and traded on the Catalist board.

The issuance price of the new shares represents a discount of 9.1% to the volume-weighted average price (VWAP) of SGD 0.704 on December 9, 2025 (the last full trading day before the submission of the offer information statement to the SGX).

Assuming all 2 million new shares are fully subscribed, this batch of new shares will account for 0.52% of the group's enlarged issued and paid-up capital. Since there is no transfer of "controlling interest" involved and it falls within the general share issuance authorization granted by shareholders, no additional shareholder approval is required.

If all new shares are subscribed, the net proceeds, after deducting professional fees and related expenses, will be approximately SGD 1.15 million. The group plans to use all funds for working capital.

Ever Glory United Holdings requested a trading halt before the market opened on Wednesday, with the closing price on the previous trading day being SGD 0.695

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