MAINBOARD-LISTED companies ValueMax Group : T6I 0% and GSH Corp : BDX 0% on Friday (Dec 16) individually announced fundraises through the issue of digital securities to be listed on fintech platform ADDX.

ValueMax raised S$45.14 million in gross proceeds from the issue of its three-month Series 005 commercial paper. Three family members of ValueMax executive chairman Yeah Hiang Nam had subscribed for 21.2 per cent of the issuance.

They are his wife Tan Hong Yee, and sons Yeah Chia Wei and Yeah Chia Kai, who had subscribed for S$7.66 million, S$1.6 million and S$300,000 respectively. Yeah Chia Wei is the company’s chief credit and risk officer, while Yeah Chia Kai is chief executive officer.

In a separate announcement, GSH announced that it has raised S$22.12 million in gross proceeds across three issuances of digital securities. Executive chairman Sam Goi, CEO Gilbert Ee and non-executive director Juliette Lee subscribed for S$13.36 million, or 64.05 per cent of one of the three issuances.

The digital securities to be issued by ValueMax and GSH will be listed on the ADDX platform on Dec 19. Shares of ValueMax closed flat at S$0.335 on Friday; GSH was also unchanged at S$0.165.