Kenanga

Ant Group Digital Technologies Presents Products and Solutions for International Markets to Facilitate Digital Transformation and Collaboration

Retrieved on: 
Wednesday, November 15, 2023
Technology, Security, Software, Blockchain, Internet, Hardware, Data Management, IOT (Internet of Things), Artificial Intelligence, Web3, Medicine, ZAN, Ant Group, Internet of things, Senior, Organization, Platform, Account verification, Multimedia, Intelligence, Digital electronics, Kenanga, Cryptocurrency

Ant Group Digital Technologies today presented its products and solutions for international markets at the TrustBridge Forum in Singapore.

Key Points: 
  • Ant Group Digital Technologies today presented its products and solutions for international markets at the TrustBridge Forum in Singapore.
  • Earlier this year, Ant Group Digital Technologies leveraged its blockchain expertise and launched the brand ZAN to better serve the Web3 community.
  • During the forum, Geoff Jiang, Senior Vice President of Ant Group and CEO of Ant Group Digital Technologies, shared his insights on the future of technology and innovation.
  • "At Ant Group Digital Technologies, we are committed to leveraging these innovative technologies to facilitate digital transformation and collaboration, in order to drive innovation, efficiency and trust together with our partners."

Synergy House Posts Revenue of RM51.6 Million in 1Q FY2023

Retrieved on: 
Thursday, May 25, 2023
Yee, Private, Exercise, IPO, FY, Seed, RTA, B2C, Growth, Kenanga, Marketing

Executive Director of Synergy House, Mr. Tan Eu Tah

Key Points: 
  • Executive Director of Synergy House, Mr. Tan Eu Tah
    Executive Director of Synergy House, Mr. Teh Yee Luen
    For 1Q FY2023, the Group registered profit before tax of RM3.6 million and profit after tax of RM2.6 million.
  • There are no comparative figures for 1Q FY2023 as this is the first interim financial report that Synergy House is announcing in compliance with the listing requirements of the ACE Market of Bursa Malaysia Securities Berhad.
  • The Group's B2B segment recorded a revenue of RM27.4 million or approximately 53.10% of the Group's total revenue while the B2C segment recorded a revenue of RM24.2 million or approximately 46.90% of the Group's total revenue in 1Q FY2023.
  • For the financial years ended 31 December (FY) 2019, FY 2020, FY 2021 and FY 2022, the Group registered revenue of RM111.5 million, RM122.9 million, RM184.3 million and RM194.1 million respectively.

Synergy House Launches IPO Prospectus

Retrieved on: 
Friday, May 12, 2023
Yee, Private, Exercise, Advertising, IPO, FY, Marketing, RTA, Prospectus, Growth, Kenanga, Warehouse, Security (finance)

SHAH ALAM, Malaysia, May 12, 2023 - (ACN Newswire) - Synergy House Berhad, a cross-border e-commerce seller and furniture exporter of ready-to-assemble (RTA) home furniture, launched the prospectus for its initial public offering (IPO) today in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad.

Key Points: 
  • SHAH ALAM, Malaysia, May 12, 2023 - (ACN Newswire) - Synergy House Berhad, a cross-border e-commerce seller and furniture exporter of ready-to-assemble (RTA) home furniture, launched the prospectus for its initial public offering (IPO) today in conjunction with its upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad.
  • The IPO will raise RM34.4 million via the issuance of 130.0 million new shares at an IPO price of RM0.43 per share which is expected to support the Group's future growth and expansion plans.
  • Executive Director of Synergy House, Mr. Tan Eu Tah said, "Given that global demand for furniture e-commerce is expected to continue to grow, our IPO will enable us to fuel our future growth and expansion plans by tapping into the equity capital market for future fund raising.
  • Synergy House Berhad will list on the ACE Market of Bursa Malaysia on 1st of June 2023.

Synergy House Berhad Obtains Approval for ACE Market Listing, Engages Kenanga IB as Underwriter

Retrieved on: 
Monday, April 17, 2023
Yee, Private, Official List, Exercise, Advertising, IPO, HOUSE, Islamic banking and finance, RTA, Person, FYE, Sale, Synergy, MITI, Corporate finance, Growth, Kenanga, Security (finance)

KUALA LUMPUR, Apr 17, 2023 - (ACN Newswire) - SYNERGY HOUSE BERHAD, a cross-border e-commerce seller and furniture exporter of ready-to-assemble (RTA) home furniture, has entered into an underwriting agreement with Kenanga Investment Bank Berhad (Kenanga IB) for the Group's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.

Key Points: 
  • KUALA LUMPUR, Apr 17, 2023 - (ACN Newswire) - SYNERGY HOUSE BERHAD, a cross-border e-commerce seller and furniture exporter of ready-to-assemble (RTA) home furniture, has entered into an underwriting agreement with Kenanga Investment Bank Berhad (Kenanga IB) for the Group's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.
  • 25.0 million shares representing 5.0% of the enlarged issued share capital to be allocated via balloting to the Malaysian public;
    2.
  • We are also pleased to have Kenanga IB on board as our Principal Adviser, Sponsor, Underwriter and Placement Agent.
  • Our best wishes to the Group on this new journey and we look forward to supporting Synergy House in its future endeavours."

Southern Score Builders Berhad Completes Regularisation Plan

Retrieved on: 
Wednesday, November 9, 2022
Yee, Exemption, SSSB, Guidance, Super Nintendo Entertainment System, IBS, Kenanga, Efficiency, GN3, Company, Bursa, G7, Dato, Acquisition, Executive director, Retail, Construction, Financial services, Management, Security (finance), Insurance, Tea

KUALA LUMPUR, Nov 9, 2022 - (ACN Newswire) - Southern Score Builders Berhad (Bursa: SSB8, 0045), a former Guidance Note 3 (GN3) company, has completed its regularisation plan which involves, amongst others, the acquisition of Southern Score Sdn Bhd (SSSB), a G7 contractor.

Key Points: 
  • KUALA LUMPUR, Nov 9, 2022 - (ACN Newswire) - Southern Score Builders Berhad (Bursa: SSB8, 0045), a former Guidance Note 3 (GN3) company, has completed its regularisation plan which involves, amongst others, the acquisition of Southern Score Sdn Bhd (SSSB), a G7 contractor.
  • Following the acquisition, Southern Score Builders will be involved the provision of construction management services mainly for high-rise residential buildings.
  • Executive Director and Chief Executive Officer of Southern Score Builders, Gan Yee Hin, said, "We would like to thank Bursa Securities for their guidance and support throughout the progression of regularisation plan.
  • https://southernscore.com.my/
    Tan Sri Datuk Seri Gan Yu Chai, Managing Director of Southern Score Builders Berhad
    Datuk Sydney Lim Tau Chin, Executive Director of Southern Score Builders Berhad
    Dato' Haji Mohd Amran Bin Wahid, Non-Independent Non-Executive Chairman of G Neptune Berhad
    Dato' Haji Mohd Amran Bin Wahid, Non-Independent Non-Executive Chairman of G Neptune Berhad
    Datuk Sydney Lim Tau Chin, Executive Director of Southern Score Builders Berhad
    Tan Sri Datuk Seri Gan Yu Chai, Managing Director of Southern Score Builders Berhad

Shareholders of G Neptune Approved its Regularisation Plan

Retrieved on: 
Tuesday, September 13, 2022
Yee, Dato, Kenanga, BHD, Trust, Corporate finance, Company, Acquisition, Growth, Guidance, EGM, Independent, Neptune, CEO, GN3, GNB, Executive director, Super Nintendo Entertainment System, Risk management, Management, Security (finance)

A key milestone for G Neptune's proposed regularisation plan which includes amongst others, the proposed acquisition of Southern Score and a proposed private placement raising at least RM108.6 million

Key Points: 
  • A key milestone for G Neptune's proposed regularisation plan which includes amongst others, the proposed acquisition of Southern Score and a proposed private placement raising at least RM108.6 million
    KUALA LUMPUR, Sept 13, 2022 - (ACN Newswire) - The non-interested shareholders of G Neptune Berhad have approved its proposed regularisation plan during the extraordinary general meeting (EGM) held today.
  • The shareholders' approval marks a key milestone for G Neptune's proposed regularisation plan which is expected to address the Company's Guidance Note 3 (GN3) status as well as return it to a stronger financial standing as well as profitability.
  • Shareholders also approved to change the Company's name to "Southern Score Builders Berhad", a move undertaken by the Company to better reflect G Neptune's new corporate identity moving forward.
  • With the injection of Southern Score, we believe that G Neptune will be in a stronger financial standing and profitability, thereby benefiting all stakeholders."

G Neptune Seeks Shareholders' Approval to Acquire Soutern Score, a construction Management Services Company, as part of its Proposed Regularisation Plan

Retrieved on: 
Monday, August 22, 2022
Yee, Neptune, Executive director, Industrialised building system (IBS), Kenanga, Super Nintendo Entertainment System, Company, Construction, GNB, IBS, GN3, TCS, Acquisition, Industry, Growth, Adoption, Retail, Security (finance), Financial adviser

- The proposed acquisition is part of G Neptune's proposed regularisation plan which also include, amongst others, at least RM108.61 million of fund-raising through a proposed private placement.

Key Points: 
  • - The proposed acquisition is part of G Neptune's proposed regularisation plan which also include, amongst others, at least RM108.61 million of fund-raising through a proposed private placement.
  • KUALA LUMPUR, Aug 22, 2022 - (ACN Newswire) - G Neptune Berhad is pleased to announce that its circular, which includes multiple proposals as part of its proposed regularisation plan, has been issued today.
  • Upon completion, the proposed regularisation plan is expected to address its Guidance Note 3 (GN3) status as well as to return it to a stronger financial standing and profitability that will benefit all stakeholders.
  • The proposed regularisation plan and the proposed change of name are subject to, amongst others, GNB shareholders' approval at the forthcoming general meeting to be held on 13 September 2022.