MoneyMax Financial Services Ltd. has signed a placement agreement with CGS International Securities Singapore, DBS Bank and Oversea-Chinese Banking Corporation as joint bookrunners for a proposed private placement of up to 53 million new ordinary shares at 0.835 Singapore dollars each.

The offer, announced on Apr, 16 2026, could raise gross proceeds of about 44.26 million Singapore dollars, representing a 3.1% discount to the 0.862 Singapore dollars volume-weighted average price of MoneyMax shares on Apr, 15 2026. The placement is on a best-efforts, non-underwritten basis, with completion targeted by Apr, 27 2026, subject to Singapore Exchange approval and other customary conditions.

The new shares equal roughly 6.0% of MoneyMax’s existing issued share capital of 884.5 million shares and will account for about 5.7% of the enlarged share base of 937.5 million shares if fully placed. None of the shares will be allotted to directors, substantial shareholders or other restricted parties under Singapore Exchange rules.

Net proceeds of approximately 43.4 million Singapore dollars, after an estimated 0.9 million Singapore dollars in fees and expenses, will be directed entirely to general working capital, with a focus on expanding the group’s pawnbroking loan book and retail inventory.

MoneyMax said the placement will also help it meet the Main Board’s requirement that at least 15% of its issued share capital be held by public shareholders ahead of its planned transfer from the Catalist board. Assuming full subscription, public float would rise to about 16.9%.

The company has committed to a 90-day moratorium on issuing additional shares, except for shares under its scrip dividend scheme and employee performance share plan. It will provide updates on material developments and the use of proceeds in due course. Shareholders were cautioned that the transaction remains subject to regulatory and other conditions.