[MACAO – April 9, 2024] Eleven stores under Hunan’s top Thai SPA brand Xiangtai SPA (Brand Code: SFFX) successfully raised RMB 3.846 million by listing Daily Revenue Obligations (DROs) with a contract period of 3 years on MCEX. The subscribers to the 11 DROs included Panthera Fund and other financial institutions.
Since its inception in 2019, Xiangtai SPA has focused on the Hunan market, offering traditional Thai massages and herbal essential oil SPAs. It operates 14 chain stores and 21 franchise stores across the country, situated mainly in upscale commercial districts, catering to middle-class families.
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.
For details of DROs, visit the MAP for more information: https://mt.microconnect.cc
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About Micro Connect
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 February 2024, more than 12,000 micro and small businesses had raised nearly RMB 4.3 billion from global investors through the platform.
For more information, please visit www.microconnect.com and follow on LinkedIn: Micro Connect | 滴灌通, and WeChat: 滴灌通Micro Connect.
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