Catalist-listed MoneyMax to transfer to SGX mainboard on May 6

[SINGAPORE] Catalist-listed pawnbroker MoneyMax Financial Services will transfer to the mainboard of the Singapore Exchange (SGX) on May 6, it said on Thursday (Apr 30).

The transfer will enhance the long-term value for its shareholders, the company said in January. Being on the mainboard will also boost its image and give it greater visibility and recognition, the company added.

MoneyMax on Monday also completed the placement of 53 million new ordinary shares at S$0.835 per share, raising S$44.3 million. They represent about 5.7 per cent of the previous total of 937.5 million MoneyMax shares.

“With the completion of this placement, we... have fulfilled the requirements for the transfer (to the mainboard),” said Dr Lim Yong Guan, executive chairman and chief executive of MoneyMax.

The price per new share represented a discount of about 3.1 per cent to the volume weighted average price of S$0.862 for trades done on Apr 15.

The placement received “robust demand” from institutional investors, said MoneyMax.

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It also noted that long-only institutional fund managers under the Monetary Authority of Singapore’s Equity Market Development Programme, including Fullerton Fund Management, Lion Global Investors and Eastspring Investments, had subscribed for all the new shares.

In February, MoneyMax reported that its profit for the second half of 2025 nearly doubled to S$42 million on the back of strong growth in its core business segments.

Shares of MoneyMax closed up 3.8 per cent, or S$0.035, at S$0.945 on Thursday.