Malaysia’s pawnbrokers in expansion mode with rising demand for quick cash

[KUALA LUMPUR] Malaysia’s pawnbroking industry – already red-hot as more people look for short-term financing – was in the regional spotlight last week when ValueMax’s Malaysian associated companies applied for a listing on Bursa Malaysia’s main market.

The first mainboard-listed pawnbroker on the Singapore Exchange is doing so via Well Chip, the holding company and proposed listco for ValueMax’s Malaysian associates.

The latest numbers illustrate why Malaysia’s pawnbroking industry has plenty of appeal, both at home and abroad.