Singapore, May 6 -- Holista Colltech has entered into a binding Joint Venture (JV) agreement with Swang Chai Chuan (SCC) for the funding, development and operation of an ovine nano-collagen production facility in Collie, Western Australia. The JV will operate through Ovicoll, with an initial ownership structure of 50:50 between Holista and SCC.

SCC will contribute RM5,000,000 (approximately A$1.6 million) to fund commissioning and initial working capital requirements of the JV. As part of the commercial terms of the JV, Holista will make payments equivalent to 3% per annum on SCC's initial funding contribution for a period of two years. Holista will retain ownership of all pre-existing and newly developed intellectual property, with the ...