Outlets

53 mil new MoneyMax shares snapped up by three EQDP fund managers

MoneyMax has raised $44.3 million through a share placement, with participation from leading institutional investors under Singapore’s Equity Market Development Programme (EQDP).

The proceeds will support working capital needs, including the expansion of its pawnbroking portfolio and retail inventory.

The placement strengthens the Group’s public shareholding base, supporting its planned transfer to the Mainboard of the Singapore Exchange.

Executive Chairman and CEO Lim Yong Guan noted that the participation reflects confidence in MoneyMax’s growth strategy and enhances its financial flexibility for future expansion.

Read the full article here.

SHARE THIS

More News & Events

53 mil new MoneyMax shares snapped up by three EQDP fund managers

MoneyMax raises $44.3 million from the placement, strengthening its capital base and supporting its planned Mainboard listing.
Read More

MoneyMax, with H2 2025 profit nearly double at S$42m, declares special dividend

MoneyMax reported a record FY2025 performance, with H2 profit nearly doubling to S$42 million and full-year earnings rising 87.6%, alongside the declaration of a special dividend.
Read More

MoneyMax receives go-ahead from SGX to transfer listing from Catalist to Mainboard

MoneyMax has received in-principle approval to transfer to the SGX Mainboard, marking a key milestone amid strong earnings growth and investor confidence.
Read More