ValueMax Group increases stake in 4 associated companies

SINGAPORE (Jan 10): ValueMax announced that its wholly-owned subsidiary, VMM Holdings has on Dec 29 increased its investment in four associated companies through subscription of new shares by way of cash injections, for a total consideration of RM5.03 million ($1.67 million).

The group acquired additional 2.77% or 437,828 new shares in Thye Shing Pawnshop; 2.77% or 265,088 new shares in Kedai Pajak Well Chip; 2.77% or 1,768 new shares in Kedai Emas Well Chip; and 2.77% or 535,308 new shares in SYT Pavilion.

The increase in investment was funded through the group’s internal resources.

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