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Tiger Synergy acquires land for RM4.135m

KUALA LUMPUR: Tiger Synergy Bhd (TSB)'s wholly-owned MyHarmony Development Sdn Bhd (MDSB) has entered into a sale-and-purchase agreement to acquire two pieces of freehold agricultural land for RM4.135 million.

The 1.18 hectare land, located in the 10th Mile to Sg Besi Road, will be acquired from vendors Sau Kia Sing @ Seow Chu Leong, Siew Chu Leong, Siew Chu Yon, Siew Soo Chin @ Siew Chu Ching and Siow Choo Kong, the company said on Monday, Jan 31 in a filing to Bursa Malaysia.

TSB intends to fund the proposed acquisition through internally generated funds and expects the acquisition to be completed in the second-quarter.

The land is being acquired for future expansion and development and, would be held as investment for its potential value appreciation due to developments in the vicinity. — Bernama

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