Ever Glory United Holdings Limited has filed its application with the Stock Exchange of Hong Kong for a dual primary listing and released a draft prospectus, marking the first step toward a planned global offering of new shares.

The Singapore-incorporated contractor plans a Hong Kong public offering alongside an international tranche sold outside the United States under Regulation S. ICBC International Capital has been appointed sole sponsor, while other legal and financial advisers have also been engaged. The listing and fund-raising remain subject to regulatory and shareholder approvals and prevailing market conditions.

To support its Hong Kong ambitions, the group has designated 31/F, 148 Electric Road, North Point as its principal place of business in the city.

In parallel, the board disclosed that financial figures in the SEHK application differ from the audited statements for the years ended Dec 31 2023-2025. Variances stem mainly from a shift in accounting for certain joint arrangements (from joint venture to joint operation) and reclassification of some balance-sheet items. The company stressed that these changes do not affect its underlying financial performance.

Shareholders and investors were advised to exercise caution when dealing in the company’s shares, as there is no certainty the Hong Kong listing and global offering will proceed. Ever Glory United said it will provide further updates as material developments arise.