Joint venture seeks to modernise Johor’s agrofood sector whilst boosting food security Building on the memorandum of understanding (MoU) announced in August 2023, FarmByte, a digital-first agrofood company under the Johor Corporation (JCorp) Group, and Archisen, a leading agritech company from Singapore, have today embarked on a 70:30 joint venture agreement to develop a new smart indoor vertical farm in Johor Bahru. Spanning 52,000 square feet with an estimated total capital requirement … [Read more...] about FarmByte and Singapore’s Archisen Establish Joint Venture in Smart Vertical Farming
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FarmByte and Archisen Sign Heads of Agreement To Deepen Partnership for Vertical Farming Development in Johor
The agreement proposes an investment of ~MYR 8.2 million (SGD 2.4 million) by FarmByte into Archisen and the establishment of an automated vertical indoor farm through a joint venture FarmByte, a pioneering digital-first agrofood company within the Johor Corporation (JCorp) Group, has signed a Heads of Agreement (HOA) with Archisen, a leading agritech company based in Singapore. Yesterday, both companies exchanged the signed HOA, proposing a FarmByte investment of ~MYR 8.2 million (SGD 2.4 … [Read more...] about FarmByte and Archisen Sign Heads of Agreement To Deepen Partnership for Vertical Farming Development in Johor
