A collection of two stores under popular wine bar ibarrel (Brand Code: IBAB) successfully raised RMB 1.339 million by listing Daily Revenue Obligations (DROs) with a contract period of 3 years on MCEX, according to an announcement on MCEX website.
The subscribers to the two DROs included Panthera Fund, Cypress Hong Kong Limited Partnership Fund, Oriental Patron Securities Limited, and other financial institutions.
According to MCEX data, by March 18, 2024, ibarrel had raised RMB 2.704 million through the issuance of four DROs. Wine bars under ibarrel cater to budget-conscious young adults, offering an innovative and cost-effective wine-drinking and dining experience with the support of its parent company’s robust supply chain and self-developed smart dispensing technology.
MCEX is dedicated to creating a market-driven, open-source exchange platform for the issuance and trading of DROs. Since launching its Market Accepted Protocol (MAP) on January 16, 2024, the platform has actively harnessed the strengths of intermediaries, brands, investors, and various market participants to support funding for micro and small businesses. Over the upcoming weeks, a variety of stores representing diverse brands will list their DROs on MCEX, further enriching a widely engaged DRO-focused investment and financing ecosystem.
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Micro Connect connects global capital with small businesses. Officially launched on August 3, 2023, Micro Connect Macao Financial Assets Exchange (MCEX) is a global exchange platform for the revenue-sharing asset class and represents Macao’s new endeavor to promote the development of innovative finance and Micro Connect’s mission to provide micro and small businesses with access to sustainable and affordable funding. As of the end of December 2023, more than 10,000 micro and small businesses had raised nearly RMB 4 billion from global investors through the platform.
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