Gelonghui, April 3, 丨 Dafeng Equipment (02153.HK) announced that on April 3, 2024, the company will launch a 50 million SGD multi-currency multi-series unsecured unpaid commercial paper financing plan (“SDAX multi-currency CP financing plan”). According to this, the company can use securities tokens on SDAX Exchange Pte. Ltd. (“SDAX Exchange”, a company incorporated in Singapore) issues and lists various series of commercial paper on the SDAX digital platform (“SDAX Platform”) operated as an accredited market operator and regulated by the Monetary Authority of Singapore.
As far as the above is concerned, the board of directors is also pleased to announce that on April 3, 2024, the company will issue the first digital securities commercial paper denominated in Singapore dollars under the SDAX multi-currency CP financing plan, with an annual interest rate of 5.6% and maturing about three (3) months from the date of issue (“3-month SGD Series 001 issuance”). The company expects to raise SGD 3 million to SGD 5 million from accredited investors and institutional investors under the SGD Series 001 offering in 3 months. Proceeds from the 3-month SGD Series 001 issuance are intended to be used as working capital for the Group's main business.