Recently, systems with chaos and the absence of equilibria have received a great deal of attention. In our work, a simple five-term system and its anti-synchronization are presented. It is special that the system has a hyperbolic sine nonlinearity and no equilibrium. Such a system generates chaotic behaviours, which are verified by phase portraits, positive Lyapunov exponent as well as an electronic circuit. Moreover, the system displays multistable characteristic when changing its initial conditions. By constructing an adaptive control, chaos anti-synchronization of the system with no equilibrium is obtained and illustrated via a numerical example.