ValeMax Group announced the launch of two 3-month digital securities commercial paper and one 6-month digital securities commercial paper on the SDAX and ADDX platform on Sept 16.
On the ADDX exchange, ValueMax launched the 3-month Series 016 Issuance, priced at 3.55% per annum (p.a.), and the 6-month Series 009 Issuance at 3.60% p.a. It expects to raise between $10 million to $60 million from the issuance of its 3-month paper, and between $5 to $25 million from its 6-month commercial paper from accredited and institutional investors.
The group announced the launch of the 3-month Series 010 SDAX Issuance also at 3.55% p.a. on the SDAX platform. It similarly expects to raise between $10 million to $60 million from accredited and institutional investors.
ValueMax also announced two allotment and issuance of shares pursuant to the warrant exercise, on Sept 12 and Sept 16 respectively.
The group allotted and issued 300,000 new ordinary shares at a price of 36 cents each on Sept 12, bringing the total ordinary shares to 936,942,139 ordinary shares.
On Sept 16, the group further allotted and issued 1,000 new ordinary shares at 36 cents per share, increasing the total shares to 936,943,139 ordinary shares.
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Pursuant to the aforesaid exercise of warrants, there are 10,862,170 outstanding warrants each with an exercise price of S$0.36 expiring Sept 14, 2026.
Shares in ValueMax closed 2.5 cents lower or 2.525% down at 96.5 cents on Sept 16.
