Bird & Bird ATMD LLP has acted for Mr Yeah Hiang Nam and Ms Tan Hong Yee (together, the “Vendors”) in the sale of 34,000,000 shares in Valuemax Group Limited (the “Company”) by way of a block trade (the “Vendor Share Sale”).
ValueMax is a leading Singapore-based pawnbroking chain and licensed moneylender that provides secured short-term loans against valuables like gold, jewellery, and luxury watches. They offer instant cash, professional valuation services, and retail pre-owned jewellery, with over 40 outlets across Singapore and Malaysia.
The Vendor Share Sale was executed with Oversea Chinese Banking Corporation Limited appointed as placement agent by the Vendors. The transaction attracted strong demand from long only institutional investors, including abrdn Asia Limited, Amova Asset Management Asia Limited, Avanda Investment Management Pte. Ltd., and ICH Synergrowth Fund.
The transaction showcases the firm’s capability in advising on Singapore listed equity capital markets transactions, including secondary offerings and block trades.
The deal was led by Singapore Corporate partner Jolie Giouw, with support from associate Shae-Yenne Eu.
