Ever Glory United Holdings Limited Proposes Bonus Issue: What You Need to Know
**SEO Title: Ever Glory United Holdings Limited Announces Bonus Issue: A Boost to Shareholders’ Confidence?**
Ever Glory United Holdings Limited (the “Company”) has announced a proposed bonus issue of new ordinary shares, which is expected to have a significant impact on its shareholders. In this article, we will break down the key points and what investors need to know about this development.
Key Points:
Ever Glory United Holdings Limited proposes a bonus issue of new ordinary shares to its shareholders.
The share transfer books and register of members of the Company will be closed at 5:00 p.m. on April 7, 2025, to determine Shareholders’ entitlements to the Bonus Shares.
Shareholders whose shares are deposited with The Central Depository (Pte) Ltd (“CDP”) and whose securities accounts with CDP are credited with shares as at the Record Date will be allotted Bonus Shares.
Important Dates to Note:
Record Date: April 7, 2025 (5:00 p.m.)
The Company’s share registrar, In.Corp Corporate Services Pte. Ltd., will register duly completed registrable transfers in respect of shares not registered in the name of CDP up to the Record Date.
How the Bonus Issue Works:
The bonus issue will be based on the number of shares standing to the credit of shareholders’ securities accounts with CDP as at the Record Date. Shareholders who have their shares deposited with CDP and have their securities accounts credited with shares as at the Record Date will be eligible for the bonus shares.
Price-Sensitive Information:
The bonus shares will not be entitled to the proposed tax-exempt (one-tier) final dividend of S$0.0025 per share, which was announced by the Company on February 28, 2025, and to be approved by shareholders at the annual general meeting on April 29, 2025.
What You Need to Know:
The bonus shares will be traded under a temporary A stock counter separate from the existing stock counter (Counter Name: Ever Glory, Stock Code: ZKX).
The temporary A stock counter will be merged with the existing stock counter on one business day after the record date of the proposed dividend.
Impact on Share Price:
The proposed bonus issue may have a positive impact on the share price of Ever Glory United Holdings Limited, as it may increase the number of shares in circulation and potentially lead to increased trading activity. However, investors should note that the bonus shares will not be entitled to the proposed dividend, which may affect the share price.
Disclaimer:
This article is for informational purposes only and should not be considered as investment advice. The information contained in this article is based on publicly available data and may not be up-to-date. Investors should do their own research and consult with a financial advisor before making any investment decisions. The Company has not endorsed or sponsored this article, and it is not responsible for any errors or omissions. 1
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