Yongmao Holdings Limited (SG:BKX) has released an update.
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Yongmao Holdings Limited has launched a new S$20 million multicurrency commercial paper facility program, with the first issuance of 3-month commercial papers at 5.3% interest per annum on the SDAX digital securities platform. The company aims to raise between S$2 million and S$4 million from accredited and institutional investors through this inaugural issue. This strategic move marks Yongmao’s foray into digital securities trading and reflects its innovative approach to capital raising.
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