What annual returns were promised to investors in Nozomii Vending?

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Up to 10 Per Cent Annual Returns Promised to Nozomii Vending Investors

Investors in Nozomii Vending were presented with promises of annual returns reaching as high as 10 per cent. These investment opportunities were structured under various agreements, including one specifically for vending machine investments that offered a 10 per cent annual return over a four-year period.
Vending Machine Investment Schemes

A specific agreement detailed for vending machine investments assured investors an annual return of 10 per cent, projected to be paid out over a span of four years. This particular offering was a key component of the investment propositions made by Nozomii Vending.
Industrial Property Investment Option

Beyond the vending machine ventures, another investment avenue presented to investors involved industrial property. This option promised a more modest, yet still defined, annual return of 5 per cent, with the investment horizon set for three years.
Investor Losses and Bankruptcy

These promised returns were part of a scheme that ultimately led to significant losses for over 40 investors, with total potential losses estimated at up to S$4 million. The owner, Lim Jian Bin, was declared bankrupt on July 14, following the cessation of payments which initially arrived on time before slowing down and eventually stopping.

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What annual returns were promised to investors in Nozomii Vending?

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