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ValueMax Group Expands Stake in Subsidiary and Associated Company

Story Highlights
  • ValueMax increased its stake in its subsidiary by subscribing to 1,000,000 shares.
  • The company raised its shareholding in VYN Holdings to 43.825% through a significant acquisition.
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ValueMax Group Expands Stake in Subsidiary and Associated Company

ValueMax Group Ltd. ( (SG:T6I) ) has issued an update.

ValueMax Group Ltd. announced significant financial transactions for the period ending December 31, 2024. The company increased its stake in its subsidiary, ValueMax Pawnshop (JP) Pte Ltd, by subscribing to 1,000,000 ordinary shares, raising the subsidiary’s capital to S$14 million. Additionally, through its associated company VYN Holdings Sdn Bhd, ValueMax increased its shareholding to 43.825% by acquiring over 133 million shares, which strengthens its position in the financial services sector.

More about ValueMax Group Ltd.

ValueMax Group Ltd. operates in the financial services industry, primarily focusing on pawnshop services. The company is involved in providing secured loans through its pawnshop operations and has a market focus on financial solutions.

YTD Price Performance: 10.23%

Average Trading Volume: 55,037

Technical Sentiment Consensus Rating: Sell

Current Market Cap: S$421.2M

For an in-depth examination of T6I stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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