Holista Executes Binding JV for Collie Collagen Facility
Collie, Western Australia, May 5, 2026 - (ACN Newswire via SeaPRwire.com) - Holista Colltech Limited (ASX: HCT) (Holista or the Company) is pleased to announce that it has entered into a binding Joint Venture Agreement with Swang Chai Chuan Limited (HKEX: 2321) (SCC) for the funding, development and operation of an ovine nano-collagen production facility in Collie, Western Australia.Key Commercial TermsThe Joint Venture (JV) will operate through Ovicoll Pty Ltd, 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 retains a contractual option to increase its interest in the JV to 75%, exercisable between the second and fifth anniversaries of SCC’s initial capital contribution, based on a pre-agreed valuation methodology.In connection with the JV, Dr. Rajen Manicka, a substantial shareholder of the Company, has provided a personal guarantee in favour of SCC...
