SingCell is building a scalable clean meat manufacturing platform in Singapore to enable global alternative meat companies address APAC and global markets.
The Company’s investment in SingCell will be allocated as follows: (i) 30% to pay for facility leases; (ii) 30% to pay for consumables & other OPEX.; and (iii) 40% to assist with payroll and working capital.
The Company will appoint a nominee to SingCell’s board of directors upon closing of the investment.
As SingCell is a private company, the Company’s exit strategy is to look for opportunities to sell the common shares of SingCell that it owns as the business of SingCell develops, most likely through a sale or go public transaction.