MoneyMax has raised $44.3 million through a share placement, with participation from leading institutional investors under Singapore’s Equity Market Development Programme (EQDP).

The proceeds will support working capital needs, including the expansion of its pawnbroking portfolio and retail inventory.

The placement strengthens the Group’s public shareholding base, supporting its planned transfer to the Mainboard of the Singapore Exchange.

Executive Chairman and CEO Lim Yong Guan noted that the participation reflects confidence in MoneyMax’s growth strategy and enhances its financial flexibility for future expansion.

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