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ValueMax raises $53.77 mil from digital securities issuances

Bryan Wu
Bryan Wu • 1 min read
ValueMax raises $53.77 mil from digital securities issuances
The SDAX digital securities will be listed on March 28 while the ADDX digital securities will be listed on April 1. Photo
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ValueMax Group T6I -

has raised $36.67 million from its three-month Series 004 SDAX Issuance and $17.1 million from its three-month Series 010 ADDX Issuance after successfully closing the issuances.

The SDAX digital securities will be listed on the SDAX platform on March 28 while the ADDX digital securities will be listed on the ADDX digital platform on April 1.

Of the subscribers of the three-month Series 004 SDAX Issuance, ValueMax T6I -

executive director Yeah Lee Ching and CEO Yeah Chia Kai each subscribed for $0.5 million, amounting to 2.73% of the issuance.

Among the subscribers of the three-month Series 010 ADDX Issuance, Tan Soon Liang, Yeah Lee Ching and Yeah Chia Wei subscribed for $0.4 million, $0.1 million, and $0.56 million respectively, amounting to 6.20% issuance. Tan is an independent, non-executive director of ValueMax.

Shares in ValueMax closed unchanged at 38 cents on March 28.

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