ValueMax Group enters SGX Mainboard

Under the stock code “T6I”.

In a release, Singapore Exchange (SGX) announced the listing of ValueMax Group to Mainboard, under the stock code “T6I”.

Established in 1988, ValueMax Group is one of Singapore’s oldest pawnbroking chains. It is also engaged in the retail and trading of pre-owned jewellery and gold in Singapore and Malaysia. It has 17 outlets in Singapore and 5 in Malaysia.

Yeah Hiang Nam, Managing Director and CEO of ValueMax Group Limited said: “We are delighted with the overwhelming reception to our IPO and also honoured to be the first pawnbroking chain to be listed on the Mainboard of Singapore Exchange.

Drawing on our strong track record and in-depth industry knowledge, we will continue to strengthen our presence in Singapore and in Malaysia, as well as expand our operations to other countries if there are opportunities. We will strive towards stronger growth and deliver greater returns to our shareholders.”

Lawrence Wong, Head of Listings at SGX said: “We are pleased to have ValueMax Group amongst our listed companies on the Mainboard. They now have the opportunity to access our capital market and investor base for their growth and expansion.”

With an estimated market capitalisation of S$272 million, ValueMax Group brings the total number of listed companies on SGX to 784 with a combined market capitalisation of S$962 billion.