The Business Times
business-time-50

ValueMax issues 233,436 warrants at S$0.36 apiece

Summarise
Mia Pei

Mia Pei

Published Fri, Jan 17, 2025 · 05:37 PM
    • The new shares are to be listed and quoted on the Singapore Exchange on Jan 21.
    • The new shares are to be listed and quoted on the Singapore Exchange on Jan 21. PHOTO: BT FILE

    MAINBOARD-LISTED pawnbroking chain ValueMax Group issued 233,436 warrants at the exercise price of S$0.36 each on Friday (Jan 17).

    The issue price was at a 20 per cent discount to the counter’s closing price of S$0.45 on the day.

    This brings ValueMax’s ordinary shares to about 868.4 million from 868.2 million, exclusive of 100,000 treasury shares.

    The new shares will be listed and quoted on the Singapore Exchange on Jan 21.

    With this warrant exercise, ValueMax’s outstanding warrants, each with an exercise price of S$0.36, stood at 79.4 million.

    They expire at 5 pm on Sep 14, 2026, the group said.

    BT Short Logo

    THE BUSINESS TIMES INSIGHTS

    Powering Asean's Future 2026

    Find out how enterprises are navigating power constraints and sustainability targets

    ACCESS THE INSIGHTS

    Shares of ValueMax closed Friday flat at S$0.45, before the announcement.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    ValueMax

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    DBS, OCBC and UOB struck a more cautious tone on their outlook, even as they remain optimistic about the longer term.

    From AI financing to Indonesia outlook: 4 takeaways from Singapore banks’ Q3 results

    Vingroup is planning a US$500 million production hub in the province of Batangas, around 94 km south of Manila.

    VinFast, Mitsubishi weigh Philippine EV production as state incentives near

    DBS’ Q3 net profit is down 5% at S$2.81 billion, largely due to weak markets trading income from unfavourable market conditions.

    Analysts cut DBS target price on lower 2027 earnings, but see buying opportunity after share price slide

    Yen appreciation can accelerate the unwinding of leveraged positions, illustrating how currency and financial stability risks can interact.

    Could Japan trigger the next global financial crisis?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More