MoneyMax raises $44.3m in placement ahead of SGX Mainboard transfer
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MoneyMax Financial Services Ltd. has raised $44.3 million through a placement of 53 million new shares at $0.835 each, ahead of its transfer to the SGX Mainboard. The placement price is a 3.1% discount to the average price on April 15. The net proceeds will fund general working capital and expand its pawnbroking portfolio. The company aims to complete the listing transfer by the first week of May, with joint bookrunners including CGS International Securities, DBS Bank, and OCBC.
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