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ValueMax Group to issue $100 million in digital securities via ADDX

The Edge Singapore
The Edge Singapore • 1 min read
ValueMax Group to issue $100 million in digital securities via ADDX
Taurus Point Capital, an exempt corporate finance adviser, has been appointed to assist the listing.
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Pawnshop chain ValueMax Group plans to launch a $100 million commercial paper facility programme entirely in digital securities.

The commercial paper, a form of unsecured short term debt, will be listed on the ADDX digital platform.


See: ValueMax overall sector winner; Maxi-Cash Financial Services wins for best ROE

ValueMax targets for the first tranche of digital securities under this programme to be issued by end of the year.

Taurus Point Capital, an exempt corporate finance adviser, has been appointed to assist the listing.

For more stories about where the money flows, click here for our Capital section

See also: Charlie Munger, who helped Buffett build Berkshire, dies at 99

ValueMax shares last traded at 35 cents.

Photo: Samuel Isaac Chua/The Edge Singapore

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