What returns did investors expect from Nozomii Vending?

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Investors Were Promised Annual Returns of Up To 10 Per Cent from Nozomii Vending

Investors in Nozomii Vending were led to expect annual returns of up to 10 per cent on their investments. These promises were made through various agreements, including one that specified a 10 per cent annual return over a four-year period. Another investment opportunity related to industrial property offered a 5 per cent annual return for three years.
Varied Investment Return Structures

The investment opportunities presented by Nozomii Vending and its owner, Lim Jian Bin, included different return structures designed to attract capital. One specific agreement outlined a consistent 10 per cent return per annum for a duration of four years. In parallel, a separate investment avenue focusing on industrial property was presented with a projected annual return of 5 per cent, intended to be sustained over a three-year term.
Initial Payments Followed by Cessation

Initially, investors received payments as promised, fostering a sense of confidence in the venture. For instance, financial adviser Kevin Lin reported that payments arrived on schedule from his initial investment in 2023. However, this pattern shifted from February of the current year, with payments gradually slowing down before eventually ceasing altogether, leading to significant financial shortfalls for many.
Significant Financial Exposure for Investors

The collapse of Nozomii Vending has resulted in substantial financial losses for over 40 investors, with total potential losses estimated to be as high as S$4 million. These figures highlight the scale of the financial exposure, with individual investors like Kevin Lin facing losses of approximately S$196,000, even after some recovery efforts. The aggregate amount invested through Nozomii Vending and related ventures underscores the widespread impact of the business failure.

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What returns did investors expect from Nozomii Vending?

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