The offering price represents a 9.1% discount to the volume weighted average price of 70.4 cents for trades done on Dec 9.
Ever Glory’s public offer of 2 million offer shares was 7.6 times subscribed, having received total valid applications for 15,288,700 offer shares.
The company announced on Dec 10 that it was issuing 2 million new offer shares at 64 cents per offer share, in relation to its proposed transfer of listing to the Mainboard of the SGX.
