Rephrase single title from this title Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard  . And it must return only title i dont want any extra information or introductory text with title e.g: ” Here is a single title:”

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

[SINGAPORE] As part of its proposed transfer to the Singapore Exchange (SGX) mainboard, Catalist-listed engineering services provider Ever Glory United Holdings is making a public offer of up to two million new shares at an offer price of S$0.64 per share.

The offer price represents a 9.1 per cent discount to the volume-weighted average price of S$0.704 for trades done on Tuesday (Dec 9), said the company in a bourse filing on Wednesday.

Ever Glory United said that it had received the listing and quotation notice from SGX for the offer shares.

The public offer will open from 7 am on Dec 11, 2025, to 12 pm on Dec 17, 2025.

This follows the company’s announcement of its intention to be transferred to the mainboard on Oct 14, and receiving in-principle approval from SGX on Nov 22.

The offer was made to fulfil the bourse operator’s requirements that the company have a minimum of 500 shareholders, under Rule 213 of the Listing Manual.

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If the offer is fully subscribed, Ever Glory United expects to raise net proceeds of around S$1.2 million, after deducting S$130,000 in fees and related expenses. The funds will be used for working capital.

If fully subscribed, the offer shares will represent about 0.5 per cent of the enlarged issued and paid-up share capital of the company, and will not result in the transfer of a controlling interest – which would require specific shareholders’ approval.

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