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Best World takes up 12.5% stake in A*STAR biotech start-up for $5.6 mil

Michelle Zhu
Michelle Zhu • 2 min read
Best World takes up 12.5% stake in A*STAR biotech start-up for $5.6 mil
SINGAPORE (Jan 14): Best World has agreed to acquire a 15% stake in Celligenics, a biomedical A*STAR spin-off start-up, in two investment phases.  
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SINGAPORE (Jan 14): Best World has agreed to acquire a 15% stake in Celligenics, a biomedical A*STAR spin-off start-up, in two investment phases.

The first phase will see Best World subscribe for 12.5% of Celligenics shares for $5.625 million, which will be funded by the group’s internal resources.

The second phase will commence 18 months after the first is completed.

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