On behalf of the Board of Directors, I am pleased to present this Prospectus and the opportunity for you to
become a Shareholder in Ventus Aqua.
Ventus Aqua seeks to establish itself as a supplier of premium treated glass products to the construction industry in
Australia, including in the residential and commercial building markets. To this end, it has entered into agreements
• Sydney Sunny Glass Pty Ltd (ACN 603 335 548) (SSG), a manufacturer of high quality, performance
architectural glass based in New South Wales, by way of share purchase; and
• glass processing equipment and an associated leasing enterprise.
Established in 2014, SSG is a large independent glass products suppliers in New South Wales, with operations
located in Smithfield, an industrial precinct of Sydney. It operates a glass supply division which manufactures
and supplies a range of custom-made and architectural glass products to a range of commercial and private
construction customers, as well as a glass contracting solutions division which focuses on providing integrated
glass supply solutions for larger commercial development projects. SSG was recently awarded a $12.25 million
glass supply contract for the Pandora residential apartment and retail development in Box Hill, Victoria, a business
district and residential suburb some 14 kilometres east of the Melbourne’s Central Business District. This project,
comprising 31 floors and approximately 380 residences, has commenced development and SSG is scheduled to
provide glass products between July 2020 and December 2021. It represents a significant step for SSG to expand
its operations into the Victorian market. Further details of this material contract are set out in Section 9.6 of this
Complementary to the SSG acquisition, the equipment leasing enterprise which Ventus Aqua is to acquire includes
sophisticated glass-processing equipment capable of processing a wide-range of custom-made and advanced
architectural glass products. This equipment currently forms part of SSG’s production lines and is an integral
part of its operations.
Completion of these Acquisitions is (among other things) subject to Ventus Aqua receiving conditional approval
for its NSX Listing.
Under this Prospectus, Ventus Aqua offers 6,666,667 Shares to the public at an issue price of $0.30 each to raise
a minimum of $2,000,000, with the ability to accept oversubscriptions of up to an additional 3,333,333 Shares at
$0.30 each to raise up to a further $1,000,000 (i.e. the Public Offer). The Public Offer is conditionally underwritten
up to the Minimum Subscription amount by the Lead Manager.
The Public Offer proceeds will primarily be used to fund the continued development and expansion of the SSG
business, which Ventus Aqua believes is well positioned to capitalise on the growing demand for premium treated
glass products in Australia. The Public Offer will strengthen Ventus Aqua’s balance sheet and its NSX listing is
intended to lift the profile of the SSG business with a view to expanding its operations and diversifying its activities
geographically across Australia. Further details of Ventus Aqua’s intended use of the Public Offer proceeds are set
out in Section 4.5 of this Prospectus.
Ventus Aqua has a small but experienced executive team to which it will continue to add as its activities develop and Ventus Aqua begins to establish its presence in selected markets. The founder of SSG, Mr Shengqiang “Sunny”
Chi, will be appointed managing director of Ventus Aqua upon completion of the SSG acquisition. For over 25
years, Mr Chi has developed an in-depth knowledge of the glass products industry with key management roles in
Fuyao Glass Industry Group Co. Ltd which is now listed on the Hong Kong Stock Exchange.
The COVID-19 pandemic has adversely affected the Australian business climate as a result of various government
policies in place to manage the crisis. SSG has implemented social distancing policies in its workplace in accordance
with guidelines from various government and health authorities. SSG’s operations have returned to its normal
operating mode. While the Directors believe that the pandemic will be resolved in due course, it poses as a
significant investment risk that investors ought to consider in assessing this investment opportunity.
This Prospectus sets out the details of the Offers. I encourage you to read it carefully and in its entirety, particularly
the risk factors in Section 7, before making your investment decision.
On behalf of my fellow Directors, I look forward to welcoming you as a shareholder of Ventus Aqua.
Sok Kiang Teoh