MoneyMax Treasure Launches S\$50–70 Million Series 002 Digital Security Tokens on ADDX
MoneyMax Treasure Launches Series 002 Digital Security Tokens, Targeting S\$50–70 Million Fundraising
Key Highlights for Investors and Shareholders
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MoneyMax Treasure Pte. Ltd., a wholly-owned subsidiary of MoneyMax Financial Services Ltd., has officially launched its second series of unsecured commercial paper, named Series 002 Notes, under its S\$200,000,000 Unsecured Commercial Paper Programme.
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The Series 002 Notes are issued in the form of digital security tokens and will be listed on the ADDX Exchange, a regulated security token trading platform.
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The Series 002 Notes will bear an interest rate of 4.00% per annum and will mature in three months from the date of issuance.
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Target fundraising amount: S\$50 million to S\$70 million (subject to variation at the sole and absolute discretion of the Issuer).
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The Notes are guaranteed by MoneyMax Financial Services Ltd.
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The issuance is specifically targeted at accredited and institutional investors.
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The Board has committed to making further disclosures if there are any material developments regarding the Programme or the Series 002 issuance.
Important Considerations for Shareholders
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Potential Impact on Share Price: The launch of a sizeable digital securities issuance could enhance the Group’s capital structure and liquidity, potentially supporting further business expansion or strengthening its financial position.
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The move to issue digital security tokens and listing on the ADDX platform signals an embrace of innovative fintech solutions, which may be viewed positively by the market and investors.
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The ability to raise between S\$50 million and S\$70 million swiftly (within three months) may provide the Company with flexibility to pursue new investment opportunities, refinance existing obligations, or buffer against market uncertainties.
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The Notes are guaranteed by the parent company, MoneyMax Financial Services Ltd., which underscores its financial backing and could influence risk perception.
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The fundraising amount is subject to change at the discretion of the Issuer, and shareholders should monitor further announcements for any changes or material developments.
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Regulatory and Legal Caution: The Notes and Guarantee have not been registered under the U.S. Securities Act and are not being offered within the United States, nor to U.S. persons.
Details of the Offering
The Series 002 Notes, bearing a 4.00% annual interest rate and a three-month maturity, are part of a larger S\$200 million unsecured commercial paper programme. This issuance is structured as digital security tokens, marking a progressive step into blockchain-powered securities for the Group. The listing on the ADDX Exchange opens up access to a broader pool of accredited and institutional investors, and provides secondary trading liquidity.
The exact amount to be raised (S\$50–70 million) will depend on investor demand and the Issuer’s discretion. The proceeds from this issuance could be deployed towards expanding MoneyMax’s core pawnbroking, retail, or lending businesses, or for general working capital needs.
Next Steps and Ongoing Disclosures
The Company has committed to making further timely announcements should there be any material changes or developments in the Programme or Series 002 Notes issuance. Investors and shareholders are advised to follow these updates closely, as they may have implications for the Company’s strategy and financial outlook.
Contact and Regulatory Review
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The announcement has been prepared by the Company and reviewed by United Overseas Bank Limited (“Sponsor”) for compliance with SGX Catalist rules.
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The Singapore Exchange Securities Trading Limited (SGX-ST) has not examined or approved the content of the announcement and assumes no responsibility for its accuracy.
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For further details, shareholders can contact Mr. Lim Hoon Khiat, Senior Director, Equity Capital Markets, UOB.
Disclaimer: This article is for informational purposes only and does not constitute investment, legal, business, or tax advice. It is not an offer or solicitation to buy or sell any securities. Shareholders and potential investors should exercise their own judgment or consult their professional advisors before making any investment decisions. The information herein is based on the Company’s official announcement and may be subject to further updates.
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