Currently, the group runs an existing platform which deals with the auctioning of used automobiles, electronic products, flowers as well as branded items, and has a membership of over 24,500 companies.
SINGAPORE (Sept 22): MoneyMax Financial Services, the Catalist-listed pawnbroker, retailer and trader of pre-owned jewellery and watches, has signed a joint venture (JV) agreement with Japan’s Aucnet Inc. to jointly develop what will be Singapore’s first online business-to-business (B2B) live auction site for luxury branded merchandise, gold, and diamond goods.
Aucnet is a real-team auction platform company which listed on the Tokyo Stock Exchange in March. Its wholly-owned subsidiary AIS Inc. is a third-party inspector of used vehicles in Japan.
