Tiger Synergy sells Negri land for RM2m
Tiger Synergy Bhd’s wholly-owned subsidiary, MHB Property Development Sdn Bhd, is selling 28 pieces of vacant freehold land in Negri Sembilan to Spanfield Development Sdn Bhd for RM2 million. In a filing to Bursa Malaysia yesterday, Tiger Synergy said the expected gain from the disposal was RM476,766. It said the net proceeds were expected to be utilised for the company’s working capital. Tiger Synergy bought the land on March 18, 2011, for RM1.52 million.