Ever Glory United (SGX:ZKX) allotted and issued 375,000 tranche C shares to vendors of Fire-Guard Engineering following the fulfilment of the 2025 profit milestones under the acquisition agreement, according to a Wednesday filing with the Singapore Exchange.
Additionally, 71,872 bonus shares were awarded after Fire-Guard exceeded its profit targets in 2023 and 2025.
As a result, the total tranche C share issuance amounted to 446,872 shares.
The new shares are expected to be listed on or around June 12.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments