SINGAPORE (Sept 22): MoneyMax Financial Services, the Catalist-listed pawnbroker, retailer and trader of pre-owned jewellery and watches, has signed a joint venture (JV) agreement with Japan’s Aucnet Inc to jointly develop what will be Singapore’s first online business-to-business (B2B) live auction site for luxury branded merchandise, gold, and diamond goods.
Aucnet is a real-team auction platform company which listed on the Tokyo Stock Exchange in March. Its wholly-owned subsidiary AIS Inc is a third-party inspector of used vehicles in Japan.
Currently, the group runs an existing platform which deals with the auctioning of used automobiles, electronic products, flowers as well as... (Click here to read the full story.)