【SYNERGY 0279 交流专区】

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IPO Prospectus

SYNERGY HOUSE BERHAD

Subject

INITIAL PUBLIC OFFERING ("IPO") OF 130,000,000 ORDINARY SHARES IN SYNERGY HOUSE BERHAD ("COMPANY" OR "SYNERGY") ("SYNERGY SHARES" OR "SHARES") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 80,000,000 NEW SYNERGY SHARES IN THE FOLLOWING MANNER: (A) 25,000,000 NEW SYNERGY SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 12,500,000 NEW SYNERGY SHARES AVAILABLE FOR APPLICATION BY ELIGIBLE PERSONS; (C) 30,000,000 NEW SYNERGY SHARES AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (D) 12,500,000 NEW SYNERGY SHARES AVAILABLE BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("MITI"), AND (II) OFFER FOR SALE OF 50,000,000 EXISTING SYNERGY SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MITI; AT AN IPO PRICE OF RM0.43 PER SHARE PAYABLE IN FULL UPON APPLICATION.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3351353

Attachments Synergy House Berhad - Prospectus (Part 1).pdf Synergy House Berhad - Prospectus (Part 2).pdf Synergy House Berhad - Prospectus (Part 3).pdf Synergy House Berhad - Detailed Procedures for Application and Acceptance.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2023

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2023	31 Mar 2022	31 Mar 2023	31 Mar 2022
		$$'000	$$'000	$$'000	$$'000

1	Revenue	51,582	0	51,582	0
2	Profit/(loss) before tax	3,551	0	3,551	0
3	Profit/(loss) for the period	2,619	0	2,619	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,619	0	2,619	0
5	Basic earnings/(loss) per share (Subunit)	0.62	0.00	0.62	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1100		17.7600

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SYNERGY HOUSE BERHAD

Particulars of substantial Securities Holder

Name	SYNERGY HOUSE FURNITURE HOLDINGS SDN BHD
Address	Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8 Jalan Kerinchi, Kuala Lumpur 59200 Wilayah Persekutuan Malaysia.
Company No.	201901045000 (1354330-K)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	30 May 2023	50,000,000	Disposed	Direct Interest
	Name of registered holder	Synergy House Furniture Holdings Sdn Bhd
	Address of registered holder	Unit 30-01, Level 30, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8 Jalan Kerinchi, 59200, Kuala Lumpur, W.P. Kuala Lumpur Malaysia
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposed shares - Offer for sale by way of private placement to Bumiputera investors approved by the Ministry of International Trade and Industry in accordance with Section 4.3.2 of the Company's Prospectus dated 12 May 2023.
Nature of interest	Direct Interest
Direct (units)	370,000,000
Direct (%)	74
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	370,000,000
Date of notice	02 Jun 2023
Date notice received by Listed Issuer	02 Jun 2023

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Type	Announcement
Subject	OTHERS
Description	SYNERGY HOUSE BERHADACQUISITION OF A NEW WHOLLY-OWNED SUBSIDIARY - SYNERGY HOUSE FURNITURE INC
1. INTRODUCTION The Board of Directors of Synergy House Berhad (“Synergy” or the “Company”) wishes to announce that Synergy House Furniture Sdn. Bhd. (“SHF”), a wholly-owned subsidiary of Synergy had on 20 June 2023 subscribed for 1,000 ordinary shares of USD1.00 each representing 100% of the paid-up share capital in Synergy House Furniture Inc (“Synergy US") for a total cash consideration of USD1,000.00 ("Subscription of Shares”). With the Subscription of Shares, Synergy US has become a wholly-owned subsidiary of SHF and an indirect subsidiary of the Company. 2. INFORMATION ON SYNERGY US Synergy US was incorporated on 7 July 2022 as a business corporation in the state of Oregon, the United States of America (“USA”) and is presently dormant. Synergy US has an authorised share capital of 500,000 ordinary shares. The intended principal activity of Synergy US is the sale of ready-to-assemble home furniture within the USA. 3. FINANCIAL EFFECTS OF THE SUBSCRIPTION OF SHARES The Subscription of Shares is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholder’s shareholding of the Company for the financial year ending 31 December 2023. 4. APPROVALS REQUIRED The Subscription of Shares is not subject to the approval of the shareholders of the Company or any regulatory authorities. 5.INTEREST OF DIRECTORS,  MAJOR SHAREHOLDERS AND PERSON CONNECTED WITH THEM None of the Directors and/or major shareholders or persons connected with them has any interest, direct or indirect, in the Subscription of Shares. 6.STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors of Synergy, after having considered all aspects of the Subscription of Shares, is of the opinion that the Subscription of Shares is in the best interest of the Company. This announcement is dated 20 June 2023.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2023

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2023	30 Jun 2022	30 Jun 2023	30 Jun 2022
		$$'000	$$'000	$$'000	$$'000

1	Revenue	58,570	0	110,152	0
2	Profit/(loss) before tax	8,515	0	12,066	0
3	Profit/(loss) for the period	6,193	0	8,812	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,193	0	8,812	0
5	Basic earnings/(loss) per share (Subunit)	1.24	0.00	1.76	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1700		17.7600

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SYNERGY HOUSE BERHAD

Date of change	16 Oct 2023
Name	MR NG BOON KEAN KENNETH
Age	35
Gender	Male
Nationality	Malaysia
Type of change	Others
Designation	Chief Financial Officer
Description	Mr. Ng Boon Kean Kenneth be redesignated from group accountant to Chief Financial Officer of the Company.

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SYNERGY HOUSE BERHAD

Date of change	01 Apr 2024
Name	MR RICHIE TAN QI GUANG
Age	32
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Operating Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Degree Bachelor Degree of Mechatronic Engineering University of New South Wales (UNSW) Sydney, Australia
Working experience and occupation	Mr Tan Qi Guang ("Mr Richie") has over 10 years of experience in FMCG industry who overlooked the operational functions of the subsidiary plants. During this period, he has been overseeing the warehousing, production, quality control, logistics, Good Manufacturing Practice ("GMP"), project management, brand development and coordination activities. He has been acting as a committee member of The Institution of Engineers Australia from 2011 up to 2014. Throughout his career, Mr Richie has actively contributed to the development and promotion of Circular Economy ("CE") and Corporate Social Responsibility ("CSR") in the organisation.