MoneyMax Seeks Main Board Transfer on SGX: What Investors Need to Know

Key Highlights

• MoneyMax Financial Services Ltd. has submitted an application to transfer its listing from the Catalist Board to the Main Board of the Singapore Exchange (SGX-ST), marking a significant milestone in the company’s growth journey.
• The move is expected to boost MoneyMax’s corporate profile, expand its investor base to include more institutional and international investors, and reinforce its position as a reputable brand in Southeast Asia.
• MoneyMax has demonstrated robust financial performance, with net profit attributable to owners of the parent nearly doubling from S\$19.8 million in FY2021 to S\$38.2 million in FY2024.
• For the first half of 2025, the company’s net profit surged by 78.8% year-on-year to S\$29.6 million, compared to S\$16.6 million in the same period in 2024—a clear sign of strong momentum.
• The transfer is subject to regulatory approval from SGX-ST, the satisfaction of relevant listing requirements, and approval from shareholders at an upcoming extraordinary general meeting (EGM).

Details of the Proposed Transfer

MoneyMax’s application for a listing transfer to the Main Board, announced on 14 January 2026, comes after years of consistent growth and strategic expansion since its Catalist listing in 2013. According to Executive Chairman and CEO Dato’ Sri Dr. Lim Yong Guan, the company’s strong and consistent operational performance, disciplined execution, and innovation have underpinned its success.

The management believes that a Main Board listing will provide MoneyMax with greater visibility and recognition in the capital markets, strengthen investor confidence, and better position the Group to leverage future growth opportunities. This move is expected to attract a broader base of institutional and international investors, potentially impacting the company’s valuation and liquidity.

Financial Performance and Growth Track Record

• Net profit attributable to owners of the parent almost doubled from S\$19.8 million (FY2021) to S\$38.2 million (FY2024).
• For the six-month period ended 30 June 2025, net profit jumped 78.8% year-on-year to S\$29.6 million, compared to S\$16.6 million in the same period in 2024.
• This consistent growth trend underscores MoneyMax’s strong financial footing and operational excellence—factors that are likely to be closely watched by investors as the company seeks to move to the Main Board.

Business Overview and Strategic Positioning

MoneyMax is a leading financial services provider, retailer, and trader of luxury products in Southeast Asia, operating over 110 stores across Singapore and Malaysia. The company is known as one of the region’s largest pawnbroking and retail chains.

MoneyMax has been an industry innovator, launching Singapore’s first pawnbroking e-commerce platform and mobile app, MoneyMax Online, in 2015. The Group has since diversified into automotive financial services, property financing, and the retail of new and pre-loved luxury goods.

The company’s accolades include induction into the Singapore Prestige Brand Award Hall of Fame (2015), recognition as one of “Singapore’s Fastest Growing Companies 2020” by The Straits Times, and the “Overall Sector Award” under the Consumer Cyclical Industry at The Edge Singapore Centurion Club 2025.

Important Shareholder Information & Price-Sensitive Developments

• Shareholder Approval Required: The proposed transfer is subject to shareholder approval at an extraordinary general meeting (EGM) to be convened. The outcome of this vote will be a critical milestone for the transfer process and could potentially affect the share price.
• Regulatory Review Pending: The transfer also requires SGX-ST approval and compliance with all relevant listing requirements. Investors should monitor for further regulatory announcements.
• Potential Share Price Impact: A successful Main Board transfer could increase MoneyMax’s liquidity, investor base, and market visibility—all factors that may positively influence share value. Conversely, any delays or rejection could impact investor sentiment in the short term.

Next Steps and Investor Watch Points

MoneyMax will provide further updates as material developments arise, particularly regarding the outcome of the SGX-ST review and the scheduling of the EGM. Investors are advised to stay informed of announcements related to the Proposed Listing Transfer, as these could be price-sensitive and impact the company’s stock performance.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisers before making any investment decisions. The information is based on public disclosures by MoneyMax Financial Services Ltd. as of the date of this article and may be subject to change. The Singapore Exchange Securities Trading Limited has not reviewed or approved the contents of this article.

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