Ever Glory United Holdings Limited (SGX:ZKX
) (Ever Glory) announced that the company is currently in discussions with various external parties, in exploring certain potential capital market transaction and corporate acquisition and/or disposal actions.
Ever Glory says that the discussions are ongoing and no definitive terms have been agreed upon between the parties.
The company adds that there is no certainty or assurance that such discussions will progress beyond the current stage or that any transaction will proceed as a result of such discussions.
Ever Glory will be making further announcements in the event of any material developments.
Shares of Ever Glory closed 7.5 cents higher, or 8.11% up at $1 on April 21. For the past one year, its share price has witnessed a gain of 143.9%.
