ValueMax Launches Commercial Paper on SDAX Platform; Shares Up 3%

MT Newswires

03/07

ValueMax (SGX:T6I) launched the eight series of its three-month commercial paper in digital securities, priced at a 4.3% per annum, on the SDAX Exchange, according to a filing with the Singapore Exchange on Thursday.

The bonds will mature three months from the date of issuance. The company is looking to raise between SG$10 million and SG$50 million from the securities.

Shares of the company were up over 3% in recent trading.

Price (SGD): S$0.50, Change: S$+0.015, Percent Change: +3.13%

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