The offering price represents a 9.1% discount to the volume weighted average price of 70.4 cents for trades done on Dec 9.
The undertaking of the public offer is to fulfil the requirement of having a minimum of 500 shareholders under the rules of the SGX-ST listing manual.
The net proceeds in connection to the public offer will be $1.15 million, which the company intends to use for working capital.
Shares in Ever Glory last traded at 69.5 cents Dec 18.
