The ValueMax Success Story

Singaporean company, ValueMax Group, was established in 1988 by the parents of current Director, Yeah Lee Ching. It began its journey as Ban Soon Pawnshop and has since transformed into a leading player in the pawnbroking and jewellery retail sectors.

The company has expanded from a single pawnshop to nearly 50 outlets in Singapore and over 25 in Malaysia, diversifying its offerings to include gold trading, car financing, and secured loans. Today, it proudly stands as the only mainboard-listed pawnbroker on both the Singapore Stock Exchange and Bursa Malaysia, under its associated company, Well Chip Group.

According to Director, Yeah Lee Ching, CIMB Bank has been a valuable partner in ValueMax’s growth trajectory. By providing funding, the bank supported ValueMax’s expansion into new business sectors and geographies. 

Shared values for a deeper partnership

ValueMax is committed to delivering enhanced value to customers. It is a principle that resonates deeply with CIMB Bank's approach. The partnership thrives on a shared cultural fit, characterised by core values such as care, integrity, and empathy. Not to mention, ValueMax’s focus on sustainability—embodied in their circular ecosystem strategy of restoring, recycling, and reselling – aligns with CIMB’s purpose to advance customers and society towards a more sustainable future. 

Personal service that makes a difference

CIMB Bank’s dedication to ValueMax extends beyond financial support. By ensuring a Relationship Manager is just a phone call away, ValueMax has been able to navigate the complexities of business growth with confidence, knowing that the bank is with them on their journey.

As ValueMax continues to expand in both Singapore and Malaysia, CIMB Bank will be there with personal support and solutions to help them meet the challenges of an ever-changing business world. 

A Banking Partner that Empowers Businesses 

CIMB Singapore offers a comprehensive range of services to promote business growth. These include business accounts, working capital loans, and best guaranteed SGD-MYR exchange rates. All backed by an unwavering commitment to customer-centricity and a deep understanding of the needs of SMEs.

This “consumer first” approach is reflected in CIMB Bank’s constant innovation. Our online Business Current Account (OBCA) system streamlines the account opening process by integrating the CIMB Internet Banking (BizChannel@CIMB) sign-up into the OBCA application process. And each customer is assigned a dedicated Relationship Manager, ensuring that the service remains personalised and responsive to individual business needs.

Our strategic connectivity in the ASEAN region, especially our role as a gateway between Singapore and Malaysia, means we are a vital partner for businesses looking to expand across borders. Amidst challenges such as inflation and macroeconomic shifts, CIMB empowers SMEs to seize growth opportunities. 

To find out how CIMB Bank can help your business, visit cimb.com.sg/business or speak to us.