What annual return was promised to investors in Nozomii Vending?

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Nozomii Vending Investors Promised Annual Returns of Up to 10 Percent

Investors in Nozomii Vending were promised annual returns of up to 10 per cent on their investments. One specific agreement offered a 10 per cent annual return over a four-year period for investments made in vending machines. Another investment opportunity involving industrial property was presented with a promise of 5 per cent annual returns over three years.
Vending Machine Investment Returns

A key investment vehicle, Nozomii Vending, was marketed with the prospect of significant returns. One agreement detailed a commitment of 10 per cent per annum for a duration of four years, specifically tied to investments in vending machines. This structure aimed to attract capital by offering a fixed, relatively high yield over a defined period.
Industrial Property Investment Returns

Beyond vending machines, opportunities in industrial property were also offered to investors. These investments were presented with a projected annual return of 5 per cent. The term for this particular investment was set at three years, indicating a different risk-return profile compared to the vending machine ventures.
Investor Losses Amidst Bankruptcy

The promises of these returns ultimately led to substantial losses for over 40 investors, who collectively faced potential losses of up to S$4 million (approximately RM12.6 million). The owner of Nozomii Vending, Lim Jian Bin, was declared bankrupt on July 14. Payments to investors, which initially arrived on schedule, began to slow down from February of the current year before ceasing altogether.

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What annual return was promised to investors in Nozomii Vending?

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