Two stores under the private dining brand No 2 Courtyard (Brand Code: EHYZ) successfully raised RMB 1.801 million by listing two Daily Revenue Obligations (DROs) with a contract period of four years on MCEX, according to an announcement on MCEX website. The subscribers to the DRO included Panthera Fund, Oriental Patron Securities Limited and other financial institutions.
The No 2 Courtyard brand was established in September 2018, positioned as a mid-to-high-end fusion cuisine brand. Currently, it operates six chain stores in Nanjing, two of which have been featured on the “Must-Eat” list by Dianping, a popular review platform. Each location features several large private rooms, suitable for family gatherings and business meetings among various settings. With its long history and high-quality dishes, the brand has built an excellent reputation locally in Nanjing and is well-known in the realm of homestyle and private dining cuisine.
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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