Ever Glory United Holdings Limited
Ever Glory United Holdings Limited ("Ever Glory" or the "Company") is placing out 14m shares at $0.22 each for an IPO on Catalist with a market cap of $18.63m shares. The IPO will close on 16 May 2023 at 12pm. I will not spend too much time since there is no public offering and I am not in the placement tranche. Having said that, the IPO market here is attempting a "come-back" and there should be more IPOs in the next 1-2 months. Principal Business The Company is a Singapore-based mechanical and electrical ("M&E") engineering service provider specialising in a wide range of M&E engineering services. The services involve projects in both public and private sectors, such as development or redevelopment of HDB residential flats, private residential properties, private schools, mixed-use properties, commercial buildings and industrial buildings. Competitive Strengths According to the prospectus. the Company has the following key strengths:
