MoneyMax Financial Services (SGX:5WJ) saw its stock price soar 3.30% during intraday trading on Thursday, following a significant corporate announcement.

The pawnbroker announced it will transfer to the mainboard of the Singapore Exchange on May 6, having satisfied all conditions required for the transfer. This move is typically viewed positively by investors as it can enhance a company's visibility, potentially attract a broader investor base, including more institutional investors, and improve stock liquidity.