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Synergy House Berhad is a Malaysia-based company, which is engaged in investment holding and provision of management services. The Company is a cross-border e-commerce seller and furniture exporter that specializes in ready-to-assemble (RTA) home furniture. Its sales channels include both business-to-business (B2B) and business-to-consumer (B2C) models. Under the B2B model, the Company sells its RTA home furniture to online retailers, chain-store retailers, and wholesalers. The Company's B2C sales model involves direct sales to end-consumers through its in-house online store and third-party e-commerce platforms, such as Wayfair US, Wayfair UK, Amazon US, Amazon UK, Cenports, Mano Mano, and eBay. Its B2C sales serve international markets. The Company's products include bedroom furniture, living room furniture and dining room furniture. Its subsidiaries include Synergy House Furniture Sdn. Bhd., Sunny & Ker Furniture Industries Sdn. Bhd., and Synergy House International Sdn. Bhd.
Synergy House Bhd's wholly-owned subsidiary Synergy House Furniture Sdn Bhd (SHF) has received US$1.92mil (RM7.83mil) in tariff refunds, including interest, from the US Customs and Border Protection.
KUALA LUMPUR: Synergy House Bhd's wholly owned subsidiary Synergy House Furniture Sdn Bhd (SHF) has received US$1.92mil (RM7.83mil) in tariff refunds, including interest, from the U.S. Customs and Border Protection (CBP)
Furniture player Synergy House Bhd (KL:SYNERGY) said it has received US$1.92 million (RM7.83 million) in tariff refunds for import duties previously paid on goods shipped to the US.