M&A
confidence high
sentiment neutral
materiality 0.75
Synergy Empire Ltd: M&A transaction — Synergy Empire acquires Meluha Therapeutics for $2.3M in preferred stock; shifts to stem cell medicine
Synergy Empire Ltd
- Acquired 100% of Meluha Therapeutics on March 28, 2025, for 10M Series A preferred shares valued at $2.3M.
- Company pivots from F&B consultancy to biopharmaceutical manufacturing of stem cell therapies.
- Meluha directors Ramesh A/L Saravanamuthu and Abdul Jalil bin Jidon received 3.36M and 3.19M preferred shares respectively.
- No financial details of Meluha (revenue/profit) disclosed in the filing.