OxPay Financial to Raise Funds via Share Issuance; Shares Surge 92%

MT Newswires

2025/05/28

OxPay Financial (SGX:TVV) is looking to raise about SG$423,878 from issuing new ordinary shares, according to a Wednesday filing on the Singapore Exchange.

The company agreed to issue 35,410,015 shares to a private investor at a price of SG$0.01197 apiece, the filing said.

Oxpay plans to use the funds to meet its general working capital requirements.

Shares of the financial services company surged over 92% in recent trading.

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