MoneyMax Leasing Pte Ltd announced a private placement of 1,500,000 ordinary shares at a price of SGD 1 per share for gross proceeds of SGD 1,500,000 on November 12, 2021. The transaction included participation from returning investor MoneyMax Financial Services Ltd. Post-closing of the transaction, the investor will continue to retain its 100% stake in the company. Following the share subscription, the issued and paid-up capital of the company from SGD1,500,000 to SGD 3,000,000,