Nova MSC’s subsidiaries sign SGD10m investment term sheets with Jostar

Nova MSC Bhd has entered into term sheets with Jostar Investment VCC, outlining potential investments of SGD5 million into its 60% owned subsidiary, Dex-Lab Pte Ltd and SGD$5 million into its 42% owned subsidiary, EyRIS Pte Ltd, subject to valuation and negotiation. 

Jostar is a single-family office based in Singapore focused on equity investments in high-growth private companies. 

These agreements are preliminary and do not create legally binding obligations until definitive agreements are executed, with further announcements expected upon their completion. –TMR