(Yicai) March 8 -- Five Chinese food and beverage chains and a service company have raised CNY14.9 million (USD2.1 million) after 22 of their stores listed Daily Revenue Obligations on the Micro Connect Macao Financial Assets Exchange.

The six companies have between one and five outlets listed on the exchange and have raised CNY145,000 to CNY4.9 million (USD20,140 to USD680,640) each, the MCEX announced on March 6. Contracts range from two to five years, it added.

The firm are Chinese barbecue brand Xita Laotaitai, French restaurant chain Wuerhezi, China’s top pork trotter rice chain Zhu Ge Ge, vegetarian buffet chain Su Man Xiang, wedding banquet organizer Luzhou Feast, and 3C (computers, communications, and consumer electronics) repair chain One Hour.

The subscribers to the 22 DROs included Panthera Fund, Keywise Capital Management HK, Cypress Hong Kong Limited Partnership Fund, Oriental Patron Securities, Carnegie Hill Capital Partners, and Giltsquare Partners, as well as professional investors who took part through MCEX’s member brokers.

The MCEX was the world’s first licensed global exchange for DROs. It began operating on Aug. 3 last year and has set up DROs and Daily Revenue Contracts. Chinese micro and small companies in food and beverage, retail, services, recreation, and sports can raise money from international investors by issuing DROs on the exchange.

Editor: Martin Kadiev