Three brands successfully raised RMB 28.636 million by listing Daily Revenue Obligations (DROs) on MCEX, according to an announcement on MCEX website.
A collection of two stores under popular nightclub brand 88G.O.A.T – ORii (Brand Code: QDXH) successfully raised RMB 5.228 million by listing Daily Revenue Obligations (DROs) with a contract period of 2 years on MCEX.
The subscribers to the two DROs included Cypress Hong Kong Limited Partnership Fund, Carnegie Hill Capital Partners Limited, and other financial institutions.
This was the first time that 88G.O.A.T – ORii listed DROs on MCEX. ORii is a prominent nightclub brand from Shanghai with growing market recognition.
A collection of four stores under leading membership apparel retailer brand Ludao (Brand Code: LDPP) successfully raised RMB 2.702 million by listing Daily Revenue Obligations (DROs) with a contract period of 3 years on MCEX.
The subscribers to the four DROs included Panthera Fund, Cypress Hong Kong Limited Partnership Fund, and other financial institutions.
According to MCEX data, by March 17, 2024, Ludao had raised RMB 12.211 million through the issuance of 19 DROs. Founded in 2010 in Xi’an, Ludao specializes in simple, practical lifestyle products, including apparel, home goods, gardening, and tea.
A group of 16 stores under popular wedding service brand Gloryland (Brand Code: RYTT) successfully raised RMB 20.706 million by listing their Daily Revenue Obligations (DROs) with a contract period of 5 years on MCEX.
The subscribers to the 16 DROs included Panthera Fund and other financial institutions.
According to MCEX data, by March 17, 2024, Gloryland had raised RMB 38.775 million through the issuance of 19 DROs. Founded in 2017, Gloryland is an emerging wedding service brand dedicated to offering once-in-a-lifetime dining and wedding banquet services in China’s eastern and southern provinces.
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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