Title: Ever Glory United Holdings Announces Bonus Share Issue – A Potential Catalyst for Shareholders
Key Points:
Ever Glory United Holdings Limited (the “Company”) is proposing a bonus issue of new ordinary shares in the capital of the Company.
The record date for determining shareholders’ entitlements to the bonus shares is set at 7 April 2025.
Shareholders whose shares are deposited with The Central Depository (Pte) Ltd (“CDP”) will be allotted bonus shares based on the number of shares standing to the credit of their securities accounts as of the record date.
Shareholders who hold shares not registered in the name of CDP will need to ensure their share transfers are registered with the Company’s share registrar by the record date to be eligible for the bonus shares.
The bonus shares, when issued and listed, will be traded under a temporary “A” stock counter separate from the existing stock counter. The bonus shares will be merged with the existing stock counter on the business day after the record date for the proposed final dividend.
The bonus shares will not be entitled to the proposed final dividend of S$0.0025 per share.
Potential Impact:
The bonus share issue is a potentially price-sensitive event that could affect the share price of Ever Glory United Holdings. Shareholders should take note of the record date and ensure their share ownership is properly registered to receive the bonus shares. The temporary trading counter for the bonus shares may also result in temporary volatility in the stock’s trading. Investors should closely monitor the company’s announcements and consider the potential impact on the share price when making investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice or recommendation. Investors should conduct their own due diligence and consult a financial advisor before making any investment decisions.
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