ValueMax (SGX:T6I) is targeting to raise between SG$5 million and SG$25 million through the issuance of a six-month commercial paper in digital securities, according to a Wednesday filing with the Singapore Exchange.
Shares of the pawnbroking and secured moneylending services company were down over 3% in Thursday trading.
The securities will be priced at 3.5% per year and will mature six months from the date of issuance.
The securities will be listed on SDAX Exchange.
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