145 views
Photo from Shutterstock

MoneyMax to start Main Board trading on 6 May

The move follows the company’s completion of a placement of 53 million new shares.

MoneyMax Financial Services Ltd. will transfer its listing from the Catalist board to the Main Board of the Singapore Exchange on 6 May, after meeting all listing conditions.

Trading of the company’s shares on the Main Board will commence at 9:00 a.m. on the effective date, according to a bourse listing dated 30 April.

The move follows a series of steps, including in-principle approval from SGX, shareholder approval at an extraordinary general meeting, and the completion of a placement of 53 million new shares.

The placement raised about $44.3m, with net proceeds earmarked for working capital, including expansion of its pawnbroking portfolio and retail inventory.

United Overseas Bank Limited will cease acting as the company’s sponsor upon the transfer’s effective date, in line with Main Board rules.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.