RentWorks Strategy Sdn Bhd

RentWorks acts as a consultant to property investors vis-à-vis rental strategy and how the investors can optimise their property performance. In addition, RentWorks is also a turn-key renovation solution for investors’ rental properties, allowing investors to start generating rental returns fast.

Campaign Closed RM 4,695,000 raised

470% of target	0 days left
Investors	170
Min Target	RM 1,000,000
Max Target	RM 5,000,000

Introduction

RentWorks is committed to assist property investors to maximise investment return by delivering effective property conditioning. We are property investors’ best choice when it comes to hassle-free solutions, especially for those who have no time even to collect the house keys!

What We Do

The Challenge

Property investments are always 50% knowing a good house to buy, and another 50% is knowing what to do with the house. Most of the average investor knows the first 50% on how to search a good property but most will /miss the second 50% of the work needed in order to make an overall good and sustainable investment. RentWorks is here to help close this gap.

Our Solution

Using our experience and innovative solutions, we help investors to increase their investment ROI by providing solutions on post VP work from defect checking through to renovations.

There are 3 main aspects where RentWorks would be able to help:

Hassle-free – instead of having to make multiple trips to the property, utilizing your annual leaves and weekends, dealing with many parties such as developers, contractors and suppliers, you can outsource all the work to RentWorks.
Cost-efficient – based on our experience after renovating and renting out more than 700 properties, we can advise where you should invest and where you shouldn’t when it comes to renovation and furnishing. And with our fast turn-around time of 20 working days and marketing through wide network of real estate agents, you will be able to rent out your property faster and minimize the vacancy period which also costs money.
Support eco-system – we work closely with associate companies that provide complimenting services such as key collection and defect inspection, rental management. We are also collaborating with other players in the industry, to provide various support services and learning opportunities for our clients so that they can continue to grow in their property investment journey.

Why Are We Different

The RentWorks team has completed renovation and rented out more than 700 rental properties in Klang Valley and Johor Bahru.

We work closely with a wide network of local suppliers, contractors and real estate agents, to ensure that your property gets renovated within 20 working days and gets rented fast, at the fair market rental.

Our Revenue Model

Our Market Opportunity

Our Strategy

Our Achievements

Indicative Usage of Funds

The Team

Edmund Chu

Director

Jenefer Moinsol

Director

Term Sheet

Issuer: RentWorks Strategy Sdn Bhd, a private limited company incorporated in Malaysia., a private limited company incorporated in Malaysia

Type of Equity: Convertible Preference Shares (“Shares”)

Fund Raising Period: 90 days

Pre Money Valuation

Minimum Fundraising Target: RM 1,000,000

Maximum Fundraising Target: RM 5,000,000

Price per Share: RM 66.67

Minimum Equity Offered: RM 1,000,000.00 (Min Fundraising Target)

Maximum Equity Offered: RM 5,000,000.00 (Max Fundraising Target)

Minimum Shares Offered: 1,000,000 shares

Maximum Shares Offered: 5,000,000 shares

Minimum Investment Amount: RM 10,000

Rewards

Impact on Shareholding Structure Upon Completion of the Offering

Investor Eligibility: Retail, Angel, Sophisticated or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.

Pre Emptive Rights: Subscribers of the Shares are deemed to have agreed to waive their pre-emptive rights, if any, under section 85 of the Companies Act 2016.

Type of Shares

Convertible Preference Shares (“Shares”)

Capitilization (assuming reaching the Maximum Fundraising Target)

	No. of Ordinary Shares	% on Enlarged Capital Basis
Existing Issued and Paid-up Ordinary Shares:	150,000	100%
Minimum Preference Shares to be Sold in the Offering:	15,000	N/A
Maximum Preference Shares to be Sold in the Offering:	75,000	N/A

Dividends

A dividend policy which is optimum yet sustainable to both the company and stakeholders will be established prior to listing in 2024. Currently, it will depend on the profit and discretion of the company.

Promoters

Edmund Chu Tzn Chang and Jenefer James Moinsol

Buyback / Redemption

Promoters have the first right of refusal to buyback the shares from the subscribers.

Liquidation Preferences

Promoters have the first right of refusal to buyback the shares from the subscribers.

Conversion Rights

Will be determined prior to listing in 2024.

Transferability

Promoters have the first right of refusal to buyback the shares from the subscribers.

Voting Rights

None.

Business Plan

The attached business plan spells out the Company’s overall plan and strategies towards a listing in 2024.

Information

Closing Period: 14 working days after the end of the Fundraising Period.

Use of Proceeds: The proceeds are intended to be used mainly on working capital and regional expansions. 50 % for working capital and 50% for regional expansions

Subscription Procedure: An Investment Agreement for the subscription of the Shares.

Disclaimer

The information, calculations and remarks expressed on this term sheet or on any other part of the platform are based on information provided, disclosed and presented by the ISSUER, RentWorks Strategy Sdn Bhd to Ata Plus Sdn Bhd, either in part or in whole. Ata Plus disclaims responsibility for the accuracy, completeness and/or validity of this information, and hence will not be held liable for any inaccurate, inappropriate or incomplete information presented on this term sheet or on any other part of the platform subject to the following:

The financial information listed on the Deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalization table, the term sheet, and management accounts.

The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness.

THE ISSUER agrees that; all information concerning the product, business and the assets of THE ISSUER that have been furnished to Ata Plus Sdn Bhd for the purpose of the equity crowdfunding campaign is true, complete, and accurate in all material respects and is not misleading or deceptive whether by inclusion or omission.

Should the Investor require more information, they can do so by contacting, RentWorks Strategy Sdn Bhd directly at [email protected] or by clicking on the ‘CONTACT’ button available on the Deal Page.

Disclosure: This issuer is referred by a 3rd party which is . Ata Plus is not associated or related to the issuer and the referral party.

Disclaimer by Securities Commission

(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period

(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007

(iii) This document has not been reviewed by the Securities Commission Malaysia. The Securities Commission does not recommend nor assumes responsibility for any information including any statement, opinion or report disclosed in relation to this fund raising exercise and makes no representation as to its accuracy or completeness. The Securities Commission expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information disclosed.

Issuer

RentWorks Strategy Sdn Bhd, a private limited company incorporated in Malaysia.

Type of Equity

Convertible Preference Shares (“Shares”)

Fund Raising Period

90 days

Pre Money Valuation

RM 10,000,000.00

Minimum Fundraising Target

RM 1,000,000

Maximum Fundraising Target

RM 5,000,000

Price per Share

RM 66.67

Minimum Equity Offered

RM 1,000,000.00 (Min Fundraising Target)

Maximum Equity Offered

RM 5,000,000.00 (Max Fundraising Target)

Minimum Shares Offered

1,000,000 shares

Maximum Shares Offered

5,000,000 shares

Minimum Investment Amount

RM 10,000

Rewards

Investor Eligibility

Retail, Angel, Sophisticated or Institutional Investors, subject to the applicable investment limits prescribed under the Securities Commission’s Guidelines on Recognised Markets.

Pre Emptive Rights

Subscribers of the Shares are deemed to have agreed to waive their pre-emptive rights, if any, under section 85 of the Companies Act 2016.

Type of Shares

Convertible Preference Shares (“Shares”)

Capitilization (assuming reaching the Maximum Fundraising Target)

	No. of Ordinary Shares	% on Enlarged Capital Basis
Existing Issued and Paid-up Ordinary Shares:	150,000	100%
Minimum Preference Shares to be Sold in the Offering:	15,000	N/A
Maximum Preference Shares to be Sold in the Offering:	75,000	N/A

Dividends

Promoters

Edmund Chu Tzn Chang and Jenefer James Moinsol

Buyback / Redemption

Promoters have the first right of refusal to buyback the shares from the subscribers.

Liquidation Preferences

Promoters have the first right of refusal to buyback the shares from the subscribers.

Conversion Rights

Will be determined prior to listing in 2024.

Transferability

Promoters have the first right of refusal to buyback the shares from the subscribers.

Voting Rights

None.

Business Plan

The attached business plan spells out the Company’s overall plan and strategies towards a listing in 2024.

Closing Period

14 working days after the end of the Fundraising Period.

Use of Proceeds

The proceeds are intended to be used mainly on working capital and regional expansions. 50 % for working capital and 50% for regional expansions

Subscription Procedure

An Investment Agreement for the subscription of the Shares.

Disclaimer

The financial information listed on the Deal page is provided by the Issuer; which includes the financial forecasts and projections, the capitalization table, the term sheet, and management accounts.

The financial forecasts and projections have been prepared by the Issuer based on assumptions that have not been reviewed and certified by an independent certified accountant for its reasonableness.

Disclaimer by Securities Commission

(i) No shares will be alotted or issued based on this document after six months from the closing of the offer period

(ii) This issue, offer or invitation for the offering is a proposal not requiring authorisation of the Securities Commission under section 212(8) of the CMSA 2007

Risk Disclaimer

Investing in equity crowdfunding involves certain risks that include uncertainty of returns, lack of liquidity, dilution, material events and lack of control. Investments should be done as part of a diversiﬁed portfolio. ATA PLUS offers investment opportunities to investors who understands these risks in making their own investment decisions.

PLEASE READ THE FULL RISK WARNING BEFORE DECIDING TO INVEST.

This page is approved as a ﬁnancial promotion by ATA PLUS Sdn. Bhd., which is authorized and regulated by the Security Commission of Malaysia. Deals that are up for investment are only offered to members of ata-plus.com on the basis of information provided by the companies concerned. ATA PLUS takes no responsibility for this information or for any recommendations or opinions made by the companies. For further information on this, please read our Term of Use.

RentWorks Strategy Sdn Bhd

Introduction

What We Do

The Challenge

Our Solution

Why Are We Different

Our Revenue Model

Our Market Opportunity

Our Strategy

Our Achievements

Indicative Usage of Funds

The Team

Edmund Chu

Director

Jenefer Moinsol

Director

Term Sheet

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Risk Disclaimer