Synergy Empire Ltd: M&A transaction — Synergy Empire: H'sien Loong Wong acquires 45% controlling stake, appointed President

Synergy Empire Ltd

75 shareholders sold 996,500 shares (99.65% of outstanding) to 32 purchasers for $650,000 ($0.6523/share).
H'sien Loong Wong acquired 450,000 shares (45%) from former President Leong Will Liam for $293,535.
Former officers Leong Will Liam (President, Secretary, Treasurer, Director) and Law Jia Ming (CEO, CFO) resigned.
H'sien Loong Wong appointed President, Treasurer, Secretary, and Director; effective October 31, 2023.
Company changed its principal executive office address to Putrajaya, Malaysia.

item 5.01 item 5.02 item 8.01

Executive movements

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Appointed

H'sien Loong Wong

President, Secretary, Treasurer, and Director

Synergy Empire Ltd

Effective: 2023-10-31
Filed: November 6, 2023, 6:59 PM ET

H’sien Loong Wong was appointed as President, Treasurer, Secretary, and Director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

H'sien Loong Wong was appointed as President, Secretary, Treasurer, and Director at Synergy Empire Ltd.

Action: appointed
Role: President, Secretary, Treasurer, and Director

Exact text from the filing

H’sien Loong Wong was appointed as President, Treasurer, Secretary, and Director of the Company.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.97

Synergy Empire Ltd underwent a change of control involving H'sien Loong Wong for $650,000 aggregate purchase price ($0.6523 per share) (closed 2023-10-31).

Action: change of control
Counterparty: H'sien Loong Wong
Consideration: $650,000 aggregate purchase price ($0.6523 per share)
Closing: 2023-10-31

Exact text from the filing

On October 31, 2023, 75 shareholders of Synergy Empire Limited (the “Company”), collectively holding 996,500 shares (the “Purchased Shares”) of the Company’s outstanding 1,000,000 shares of common stock, $0.0001 par value, entered into individual stock purchase agreements for the sale of the Purchased Shares to thirty-two (32) individual investors (individually, each a “Purchaser,” and collectively, the “Purchasers”) for an aggregate purchase price of $650,000 ($0.6523 per share). Following the completion of the transaction, the Purchasers collectively hold 99.65% of the Company’s outstanding shares of common stock.

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Source: SEC EDGAR

accession 0001493152-23-039470

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