KUALA LUMPUR, July 22 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels), a marine fuel solutions provider, announced its wholly owned subsidiary, Uni-Fuels Pte Ltd (Uni-Fuels Singapore), has successfully completed its first commercial paper (CP) issuance, raising US$3 million via the digital private market platform ADDX. (US$1=RM4.22)
The oversubscribed offering reflects robust demand from accredited investors and signals market confidence in the company’s strategic direction, according to Uni-Fuels in a statement.
Uni-Fuels Chief Executive Officer, Koh Kuan Hua hailed the deal as a strong signal of investor confidence, emphasising the firm’s push to modernise capital access while enhancing returns for shareholders.
Meanwhile, ADDX Group Managing Director, Inmoo Hwang praised Uni-Fuels’ disciplined approach, stating the success of the issuance highlights the company’s credibility and clear strategic direction.
The CP was structured as US dollar-denominated, short-term unsecured debt issued on ADDX's regulated digital investment platform. This move allows Uni-Fuels to diversify its capital base and boost liquidity across its expanding global operations.
Proceeds from the issuance will go toward general working capital and supporting Uni-Fuels Singapore’s growth in key trading hubs.
The transaction marks a pivotal step in Uni-Fuels’ capital markets strategy, tapping into digital infrastructure to unlock new funding channels and operational agility.
-- BERNAMA
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