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The latest update is out from MoneyMax Financial Services Ltd. ( (SG:5WJ) ).
MoneyMax Financial Services Ltd. has received approval-in-principle from the Singapore Exchange Securities Trading Limited to transfer its listing from the Catalist board to the Main Board, subject to conditions including compliance with Main Board listing requirements, shareholder approval via a special resolution, and various written undertakings and confirmations from the company, its sponsor and directors. The proposed move to the Main Board signals MoneyMax’s advancement toward meeting higher regulatory and governance standards, potentially enhancing its market profile and access to a broader base of investors, although the transfer remains contingent on fulfilling the SGX-ST’s stipulated conditions and obtaining shareholder consent.
More about MoneyMax Financial Services Ltd.
MoneyMax Financial Services Ltd., incorporated in Singapore, operates in the financial services sector and is listed on the Singapore Exchange. The company is currently listed on Catalist, the SGX-ST’s board for fast-growing enterprises, and is progressing toward a transfer to the Main Board, which typically caters to more established issuers subject to more stringent requirements.
Average Trading Volume: 357,220
Technical Sentiment Signal: Buy
Current Market Cap: S$570.5M
Find detailed analytics on 5WJ stock on TipRanks’ Stock Analysis page.