Source: ManukaLife Press Release
Fund Singapore, the flagship company of Fund Asia completed the funding of Singapore’s first retail equity campaign and was achieved in a short span of time. Altogether, FS raised an amount of S$2,400,00 in 2 tranches of S$1,200,000 each, solely from qualified retail investors in Singapore.
This campaign involved raising funds for 20% shareholding in ManukaLife Pty Ltd (ManukaLife), a company incorporated in Western Australia (WA). The company is a Manuka development poised to be a global contingent supply delivering low cost and high-quality Manuka.
ManukaLife has invested heavily in research and development to produce medical grade manuka honey from tea trees (also known as Leptospermum plants). Medical grade manuka honey is highly sought after by pharmaceutical and cosmetic firms all around the world due to its well-known healing and medicinal properties.
This endeavor has gained much limelight and traction since its infancy, garnering great support from expert plant breeders from Kings Park, the National Park in Perth WA as well as researchers from top academic institutions like University of Sunshine Coast and the University of Western Australia.
In addition, the WA federal government and the state government are also strongly supportive and have provided ManukaLife with grants, and in providing potential access to agricultural land.
Completing the funding campaign was no easy feat. The team conducted a total of 12 presentations to qualified investors from all walks of life, introducing them to the concept of crowdfunding and the potential of equity investments, traditionally available only to the accredited and institutional investors.
Chief Executive Officer, Mr. Lester Chan, mentioned that crowdfunding is revolutionizing the financial services industry by bringing great investment opportunities to any qualified investors.
“While crowdfunded securities, like any investments, have its risk, investors can now have direct access and make their own decisions whether to invest.”
Indeed, Fund Singapore is revolutionizing the financial services industry. Fund Singapore works closely with many universities to source for exciting investment opportunities across the Asia Pacific.