SG e-Auction Pte Ltd

MoneyMax partners Japanese listco to develop online B2B auction site

SINGAPORE (Sept 22): MoneyMax Financial Services, the Catalist-listed pawnbroker, retailer and trader of pre-owned jewellery and watches, has signed a joint venture (JV) agreement with Japan’s Aucnet Inc. to jointly develop what will be Singapore’s first online business-to-business (B2B) live auction site for luxury branded merchandise, gold, and diamond goods.

Aucnet is a real-team auction platform company which listed on the Tokyo Stock Exchange in March. Its wholly-owned subsidiary AIS Inc. is a third-party inspector of used vehicles in Japan.

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