City Coin Group Launches Tranche 2 Investment Opportunities to Accelerate International Expansion Further

KUALA LUMPUR, Malaysia, Oct. 30, 2024 /PRNewswire/ -- City Coin Group (CCG), Malaysia's largest self-service laundry operator, is poised to accelerate its growth following the successful completion of Project Coin Tranche 1 in July 2024, which raised RM5 million for franchise model enhancements and technology upgrades. With 750 outlets currently operating internationally—including in Turkey and across Southeast Asia in Malaysia, Thailand, and Brunei—CCG is now launching Tranche 2 investment opportunities to fuel its global growth.

"Our Project Coin initiative has been a tremendous success," said Paul Ang, Founder and CEO of City Coin Group. "The completion of Tranche 1 not only underscored our robust business model, but also validated our vision for growth with the support we received from investors. With Tranche 2, we are offering a solid investment backed by favourable RAM ratings, which assures investors of our stability and financial strength."

The funds from Tranche 2 will be used to enhance CCG's franchise model, improve its technological capabilities and expand its market presence internationally, including Vietnam, Indonesia, the Philippines and the Maldives. These regions have shown strong demand for self-service laundry solutions and offer significant growth opportunities for the CCG brand. 

Investors can expect competitive returns on a two-year Islamic Investment Note with an annual profit rate of 7.65%. As part of its expansion strategy, CCG will hire additional operational and support staff to facilitate the launch of new outlets and provide extensive training for franchisees. Additionally, CCG will invest in upgrading outlets with the latest Tosei 3-in-1 washer-dryer technology and continue to develop services such as a pick-up and delivery option and a user-friendly app to improve customer engagement and streamline operations.

In June 2024, CCG was granted an R4 rating by RAM Rating, reflecting a strong balance of adequate security and high returns for investors. Moreover, CCG has been recognised as the Best Franchisor in Asia Pacific and has been included in the Malaysia Book of Records for having the most self-service laundromats, highlighting its commitment to excellence and innovation in the industry.

"The favourable RAM rating confirms our financial credibility, and the success of Tranche 1 gives us confidence for Tranche 2. With the growing demand for cashless and sustainable laundry solutions, the timing is ideal for international expansion. Project Coin Tranche 2 will be instrumental in replicating our success in new markets," said Ang.

Upon completion of Tranche 2, Project Coin will continue with Tranches 3 and 4, targeting a total investment of RM20 million.

To register and invest in BR Capital's Project Coin Tranche 2, please visit  https://brcportal.bursamalaysia.com/login  and to explore potential business partnerships, connect through Laundrybar's official Linktree: https://linktr.ee/laundrybarsocialmedia .

About City Coin Group

Launched in 2013, City Coin Group (CCG) is Malaysia's first and largest self-service laundromat operator with more than 750 outlets across Southeast Asia, including Turkey. CCG has disrupted traditional business models through innovative marketing strategies to deliver fast and efficient services. The group offers comprehensive solutions, including the largest self-service laundry franchisor in Malaysia (Laundrybar), suppliers of high-quality laundry machines and spare parts (CC Laundry Solutions), manufacturers of proprietary formulated laundry chemicals (City Coin Chem), operators of self-service laundry and data analysis centres (City Coin Technology) and providers of cashless payment solutions for laundromats (PayNWash). With over a decade of experience, CCG has won numerous awards, reinforcing its industry leadership, and aims to improve the socio-economic status of communities in Malaysia and beyond through its Corporate Social Responsibility (CSR) initiatives.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

City Coin Group Launches Tranche 2 Investment Opportunities to Accelerate International Expansion Further

At the leading trade show for green technologies, 650 hosted buyers from North Africa, Europe, North and Latin America are expected to attend, as well as delegations from 100 countries and 72 organisations, institutions and associations worldwide.

RIMINI, Italy, Oct. 30, 2024 /PRNewswire/ -- Ecomondo (Rimini Expo Centre, 5-8 November 2024), Italian Exhibition Group's leading European green economy event, is about to begin. "With delegations from over 100 countries, the participation of 72 organisations, institutions and sector associations worldwide, the exhibition confirms its role as an international hub of primary importance for the green economy and acts as a real community catalyst through a series of international appointments that does not end with the exhibition but extends throughout the year," IEG CEO Corrado Peraboni announced.

Maurizio Ermeti, President of IEG, added, "A four-day business event that foresees the participation of 650 hosted buyers from North Africa, Europe, North and Latin America, and that is registering a notable increase in incoming from Asia, specifically Central Asia, China, South East Asia, Pakistan and India."

An increasingly international event, thanks to effective cooperation with the Italian Trade Agency (ITA) and the Ministry of Foreign Affairs and International Cooperation.

"Ecomondo's international network," explained Alessandra Astolfi, IEG's Global Exhibition Director Green&Technology, "extends well beyond national borders with related events in which Ecomondo is actively involved as organiser, co-organiser and partner, for example, Ecomondo Mexico (5-7 March 2025 - 4th edition), which targets the Latin American market, and Ecomondo China - CDEPE (27-29 March 2025 - 19th edition), on environmental technologies in the Chinese market.'

The 2024 edition will also pay special attention to the African continent, in line with the Italian government's Mattei Plan and the African Green Growth event (4th edition), organised by Ecomondo in collaboration with the Ministry for the Environment and Energy Security and the Mission Structure for implementing the Mattei Plan. To date, 8 delegations from Africa and 104 buyers from Algeria, Egypt, Tunisia, Morocco, Ivory Coast, Botswana, Senegal, South Africa and Kenya have confirmed.

Collaboration with the E4Impact Foundation, which operates in 20 African countries (chaired by Letizia Moratti) and carries out MBA training, acceleration, incubation and support programmes for local entrepreneurship, is also important. The 4th edition of E4Impact's "Business Networking Week in Italy" (Milan, 4-8 November 2024) will focus on the Circular Economy and include a visit to Ecomondo.

The event programme at link  

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Italy: ECOMONDO, the international sustainability hub, is about to begin