MoneyMax Financial Services Ltd. Completes Strategic Share Placement

MoneyMax Financial Services Ltd. has announced the successful completion of a major share placement exercise, which could have significant implications for the company’s share price and investor base.

Key Points of the Placement

• Placement Size: The company issued and allotted 53,000,000 new ordinary shares at a placement price of S\$0.835 per share.
• Increase in Share Capital: Following the placement, MoneyMax’s total issued shares (excluding treasury shares) have increased from 884,499,998 to 937,499,998.
• Institutional Investors: All new shares were subscribed by three highly regarded institutional fund managers:
  • Fullerton Fund Management
  • Lion Global Investors Limited (LGI) (acting for its clients)
  • Eastspring Investments (Singapore) Limited

  Each of these entities is a long-only institutional fund manager participating under the Monetary Authority of Singapore’s Equity Market Development Programme.

• Shareholder Base: The placement is strategically aimed at improving liquidity and strengthening the institutional composition of MoneyMax’s shareholder base.
• Public Float: After completion, approximately 16.9% of shares are held by the public.
• Listing: The new shares are expected to be listed and quoted on Catalist from 27 April 2026, with trading commencing at 9:00 a.m. on the same day.

Important Details for Shareholders

• Placement Price: The placement price of S\$0.835 could serve as a reference point for the market and may influence near-term trading activity.
• Share Dilution: With the increase in total shares, there is a potential dilution effect for existing shareholders, which may impact earnings per share and dividends going forward.
• Institutional Participation: The entry of reputable institutional investors can be viewed positively, potentially enhancing market confidence, and may drive further institutional interest in MoneyMax.
• Relationships: Lion Global Investors Limited is a wholly-owned subsidiary of Oversea-Chinese Banking Corporation Limited (OCBC), which is a principal banker of MoneyMax and one of the Joint Bookrunners. Other placees have confirmed no business relationships or connections with the company, its directors, or substantial shareholders.
• Regulatory Compliance: All placees have confirmed they are not “interested persons” as defined under Chapter 9 of the Catalist Rules and do not fall under Rule 812 categories, ensuring regulatory compliance and transparency.
• Bookrunners: The placement was managed by CGS International Securities Singapore Pte. Ltd., DBS Bank Ltd., and Oversea-Chinese Banking Corporation Limited.

Potential Share Price Impact

• The placement introduces new institutional investors, which could bolster market confidence and improve liquidity. However, the increase in issued shares may lead to dilution, potentially affecting share value and investor returns.
• The placement price of S\$0.835 provides a benchmark against the prevailing market price, which could influence trading sentiment.

Cautionary Statement

Shareholders and potential investors are advised to exercise caution when dealing in MoneyMax shares. The company encourages consulting with professional advisers if there is any uncertainty regarding actions to be taken.

Important Notices

• This announcement does not constitute an offer or solicitation to buy or sell securities.
• The new shares will not be registered under the US Securities Act of 1933 and may not be offered or sold in the United States except under specific exemptions.
• The securities are prescribed capital markets products and Excluded Investment Products under Singapore regulations.

Disclaimer: This article is for information purposes only and should not be treated as investment advice or a solicitation to buy or sell MoneyMax Financial Services Ltd. shares. Investors should consult their financial advisers before making any investment decisions. The information is based on official company announcements and is believed to be accurate at the time of publication, but no warranty is given as to its completeness or accuracy.

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