SG brief: ValueMax Group

ValueMax outlet in Singapore’s Little India neighborhood; taken October 2018.ValueMax outlet in Singapore’s Little India neighborhood; taken October 2018.

ValueMax Group said Thursday it launched a third tranche of digital securities on the ADDX Exchange, aiming to raise between S$10 million and S$20 million from accredited and institutional investors.

The issuances is priced at 3 percent per annum, with maturity in three months from the date of issuance, the pawnshop operator said in a filing to SGX.