Ever Glory United Issues Tranche C Shares Post Acquisition
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Ever Glory United Holdings Limited announced the issuance of FY2024 Tranche C Consideration Shares following its acquisition of Fire-Guard Engineering Pte. Ltd. The NPBT for FY2024 was approximately S$0.99 million, resulting in a reduction in cash and shares consideration. A total of 296,724 shares were issued, raising the total to 348,513,123 shares, which will be listed on the Singapore Exchange on April 24, 2025. The company, listed on the Catalist of the Singapore Exchange, has a current market cap of S$147.3M and a year-to-date price performance of 45.55%.
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