[MACAO – May 14, 2024] 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. 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.
For details of DROs, visit the MAP for more information: https://mt.microconnect.cc
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About Micro Connect
Founded in 2021, Micro Connect is a technology and exchange platform that connects global capital with small local businesses using a new proprietary asset class – Daily Revenue Obligations (DROs). Through its Micro Connect (Macao) Financial Assets Exchange (MCEX), the world’s first licensed exchange for daily-revenue-based financing, global investors have deployed over US$ 600 million to more than 12,000 micro and small businesses in the food & beverage, retail, services, and culture & sports industries across over 280 cities in Greater China.
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