[MACAO – March 21, 2024] A collection of four stores under top peking duck restaurant Xiheyayuan (Brand Code: BJXH) successfully raised RMB 2.597 million by listing Daily Revenue Obligations (DROs) with a contract period of 16 to 36 months on MCEX. The subscribers to the four DROs included Panthera Fund, Cypress Hong Kong Limited Partnership Fund, Oriental Patron Securities Limited, and other financial institutions.
According to MCEX data, by March 20, 2024, Xiheyayuan had raised RMB 49.816 million through the issuance of 38 DROs. Founded in 2008, Xiheyayuan operates 39 stores under three different sub-brands across 15 first- and second-tier cities in Mainland China, Hong Kong, and Macao.
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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