MoneyMax Financial Services Ltd. Announces the Cessation of Chan Huan Yong as Deputy Chief Operating Officer

MoneyMax Financial Services Ltd. (MoneyMax) is a Singapore-based financial services provider, retailer and trader of luxury products in Southeast Asia. The Company provides both pawnbroking services as well as secured financing services to its customers. The Company provides customers with short-term financing solutions, secured by pledged collateral articles such as gold, diamond and gem-set jewelry, luxury timepieces and branded bags. It offers loans to individuals and businesses in the form of secured collateral, such as property. The Company operates through three segments: Pawnbroking, Retail and trading of gold and luxury items and Secured lending. The Company’s pawnshop offers instant cash for the customer valuables, including gold, diamonds, gemstones, or luxury timepieces. The Company, through its MoneyMax Online platform, offers to shop, sell and appraise their valuables. The Company has a network of approximately 90 outlets in Singapore and Malaysia.