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Ever Glory enters big league with Guthrie Engineering acquisition; ready for Mainboard anytime (update)

Felicia Tan
Felicia Tan • 10 min read
Ever Glory enters big league with Guthrie Engineering acquisition; ready for Mainboard anytime (update)
“The earlier you believe in us, the bigger the benefits you’ll reap,” says Ever Glory United's CEO Xu Ruibing. Photo: Albert Chua/The Edge Singapore
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Just two years after its listing on the Singapore Exchange’s (SGX) Catalist board, Ever Glory United Holdings is already looking to move to the Mainboard.

CEO Xu Ruibing says the mechanical and engineering (M&E) group “has the right” to list on the Mainboard at any time and is definitely looking at a transfer.

Speaking to The Edge Singapore on Aug 26, Xu notes that the group has fulfilled the requirements of a Mainboard listing, including the market capitalisation limit of $150 million and above, based on the issue price and post-invitation issued share capital.

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