Moneymax Jewellery Pte. Ltd. announced a private placement of 999,900 shares at a price of SGD 1 for share for gross proceeds of SGD 999,900 on November 21, 2021. The transaction included participation from existing investor, MoneyMax Financial Services Ltd. After the completion of the transaction, the company's issued and paid-up capital increased from SGD100 to SGD 1,000,000,
comprising 1,000,000 ordinary shares.