MoneyMax to start Main Board trading on 6 May
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MoneyMax Financial Services Ltd. will begin trading on the Main Board of the Singapore Exchange on 6 May, following the completion of a placement of 53 million new shares. The company has met all listing conditions, including obtaining in-principle approval from SGX and shareholder approval. The placement raised approximately $44.3 million, which will be used for working capital and expanding its pawnbroking portfolio and retail inventory. United Overseas Bank Limited will stop acting as the company's sponsor after the transfer.
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