Yongmao Holdings raises $4.41 million from 3-month digital securities commercial paper
This is part of Yongmao's $20 mil commercial paper facility programme, first announced last October.
Crane operator Yongmao Holdings Bkx has raised $4.41 million from its 3-month Series 002 SDAX Issuance, as part of its $20 million multicurrency multi-tranche unsecured commercial paper facility programme in digital securities.
The digital securities to be issued by Yongmao, named 3-month Series 002 SDAX Tokens, will be issued on the SDAX platform on Jan 14.
Among the subscribers for the 3-month Series 002 SDAX Tokens, 15.19% or $670,000 was subscribed by a certain executive director and independent directors of the company.
A later bourse filing revealed that independent director Hoon Chee Wai who was previously director of Yongmao, redeemed 40 tokens which aggregates to a principal amuont of $400,000.
Shares in Yongmao Holdings closed flat at 56 cents on Jan 14.
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