[MACAO – March 7, 2024] Mecha (Brand Code: XAKF), a food & beverage brand in western China, successfully raised RMB 3.102 million by listing three Daily Revenue Obligations (DROs) with a contract period of 2.5 years on MCEX. The subscribers to the three DROs included Panthera Fund, Cypress Hong Kong Limited Partnership Fund and other financial institutions.
Mecha is a popular coffee and dining bar in Tibet, China, offering a camping-style day café-night bar experience. According to MCEX data, by March 6, 2024, Mecha had raised RMB 1.5 million through the issuance of two DROs.
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.
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