Crane operator Yongmao Holdings has raised $4.41 million from its 3-month Series 002 SDAX Issuance, as part of its $20 million multicurrency multi-tranche unsecured commercial paper facility programme in digital securities.
The digital securities to be issued by Yongmao, named 3-month Series 002 SDAX Tokens, will be issued on the SDAX platform on Jan 14.
Among the subscribers for the 3-month Series 002 SDAX Tokens, 15.19% or $670,000 was subscribed by a certain executive director and independent directors of the company.
A later bourse filing revealed that independent director Hoon Chee Wai who was previously director of Yongmao, redeemed 40 tokens which aggregates to a principal amuont of $400,000.
Shares in Yongmao Holdings closed flat at 56 cents on Jan 14.
