Both papers were issued on Mar 3 and received “strong demand” from investors, says the company
[SINGAPORE] Pawnbroking chain ValueMax Group has raised S$71.7 million through two separate three-month digital securities commercial papers that closed on Thursday (Mar 20), the mainboard-listed company said in a bourse filing on the same day.
Both papers were issued on Mar 3 and received “strong demand” from investors, ValueMax said.
One of them is its three-month Series 014 Issuance, which raised S$23.4 million in gross proceeds. The digital securities will be listed on the ADDX digital platform on Mar 21, said the company.
Among the subscribers of this issuance is the company’s managing director Yeah Lee Ching, who had subscribed for S$680,000.
Her brother Yeah Chia Wei, who is chief credit and risk officer, subscribed for S$560,000, and their mother Tan Hong Yee, for S$2.48 million. Tan is a controlling shareholder and wife of executive chairman Yeah Hiang Nam.
Separately, the company raised S$48.29 million through its three-month Series 008 SDAX Issuance. This will be issued on the Singapore’s Digital Asset Exchange (SDAX) on Thursday itself.
Managing director Yeah subscribed for S$1 million, amounting to 2.07 per cent of the issuance.
ValueMax shares fell S$0.005, or 0.95 per cent, to close at S$0.52 on Thursday.
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