7 stories mentioning SGX:5WJUpdated 4d ago
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MoneyMax Financial Services (SGX:5WJ) raised around SG$74.4 million from the issuance of Series 005 bonds on the ADDX Exchange, according to a Thursday filing with the Singapore Exchange.The bonds were listed on the ADDX Exchange on June 12, the filing said.
MoneyMax Financial Services (SGX:5WJ) transferred to the main board of the Singapore Exchange Securities Trading on Wednesday.The move is expected to enhance the pawnbroker and retailer of luxury goods' visibility and access to capital markets, according to a same-day filing.The transfer from the Catalist board of the Singapore bourse was announced April 30.
MoneyMax Financial Services (SGX:5WJ) will transfer to the mainboard of the Singapore Exchange on May 6, according to a Thursday filing with the Singapore Exchange.This comes after the pawnbroker satisfied all conditions to secure the transfer.
Singapore shares remained in the red zone on Monday amid stalled U.S.-Iran peace negotiations.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,885.96 and 4,925.71 throughout the day. It ended the session at 4,892.73, down 30.13 points or 0.6% compared to Friday's close.In economic news, Singapore's manufacturing output jumped 10.1% in March, backed by strong growth across almost all clusters, according to the city-state's Department of Statistics.On the corporate front, shares of Addvalue Technologies (SGX:A31) zoomed over 36% at the close as the company filed an application to the SGX-ST for a proposed spin-off of its Inter-Satellite Data Relay System business on Nasdaq.Mooreast's (SGX:1V3) shares closed over 6% higher as its subsidiary, Mooreast Asia, granted HLMG-Nuform System an option to purchase its leasehold property in Singapore for SG$29.7 million.Meanwhile, shares of MoneyMax Financial Services (SGX:5WJ) were up nearly 3% at the close as it raised around SG$43.4 million through the issuance of shares.
MoneyMax Financial Services (SGX:5WJ) raised around SG$43.4 million through the issuance of 53 million shares at SG$0.835 per share, according to a Monday filing with the Singapore Exchange.Proceeds raised from the exercise will be used to support the company's pawnbroking portfolio and purchase of retail inventory.The company is looking to conclude the listing of the new shares by the first week of May, the filing added.Shares of the retailer and trader of luxury products in Southeast Asia were up nearly 4% in Monday trading.
Singapore shares closed in the red zone on Friday, tracking larger regional losses, amid uncertainty over the timeline for the next round of U.S.-Iran diplomatic talks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,987.85 and 5,016.20 throughout the day. It ended the session at 4,997.93, down 9.90 points or 0.2% compared to Thursday's close.Pakistan is continuing to push the peace talks, with the country's civil and military leadership visiting regional leadership to find a way forward to put an end to the Iran conflict.In economic news, Singapore's non-oil domestic exports jumped 15.3% year over year in March, following a 4% increase in the previous month, according to data released by Enterprise Singapore on Friday.On the corporate front, shares of Rex International (SGX:5WH) surged 28% at the close as its subsidiary, Lime Petroleum, will now look to satisfy its overdue cash call obligations through a new super senior bond issue.Ascent Bridge (SGX:AWG) zoomed over 18% as it completed the transfer of 30% of its shares in MTBL Cultural Centre to Nyonya Heritage.Meanwhile, MoneyMax Financial Services (SGX:5WJ) closed over 4% higher with the pawnbroker targeting to raise up to SG$44.3 million through the placement of 53 million shares at SG$0.835 each.
MoneyMax Financial Services (SGX:5WJ) is targeting to raise up to SG$44.3 million through the placement of 53 million shares at SG$0.835 each, according to a Thursday filing with the Singapore Exchange.Shares of the pawnbroking company were up nearly 5% in Friday trading.The company has signed placement agreements with CGS International Securities Singapore, DBS Bank and Oversea-Chinese Banking or OCBC to procure subscribers.Proceeds will be used for general working capital needs and to support the growth of its pawnbroking portfolio and purchases of retail inventory.
