---
title: "MoneyMax raises $44.3m in placement ahead of SGX Mainboard transfer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284152198.md"
description: "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."
datetime: "2026-04-27T04:23:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284152198.md)
  - [en](https://longbridge.com/en/news/284152198.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284152198.md)
---

# MoneyMax raises $44.3m in placement ahead of SGX Mainboard transfer

**The company aims to complete its listing transfer by the first week of May.**

MoneyMax Financial Services Ltd. has completed a placement of 53 million new shares at $0.835 each, raising about $44.3m in gross proceeds.

The placement price represents a discount of around 3.1% to the volume weighted average price of $0.862 on 15 April on the Singapore Exchange.

Net proceeds of approximately $43.4m will be used for general working capital, including expansion of its pawnbroking portfolio and purchases of retail inventory.

The new shares represent about 5.7% of the company’s enlarged share capital of 937.5 million shares.

Following the placement, around 16.9% of the enlarged share capital will be held in public hands, meeting the minimum free float requirement.

The new shares were subscribed by long-only institutional fund managers under the Monetary Authority of Singapore’s Equity Market Development Programme, including Fullerton Fund Management, Lion Global Investors Limited, and Eastspring Investments (Singapore) Limited.

The company said it intends to complete its listing transfer by the first week of May and will announce the effective date in due course.

CGS International Securities Singapore Pte. Ltd., DBS Bank Ltd., and Oversea-Chinese Banking Corporation Limited acted as joint bookrunners.

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