Wednesday 6 January 2016

Tiger Synergy sees 200% jump in revenu

Tiger Synergy Bhd is eyeing a 200% increase in revenue for the financial year ending June 30, 2016, following the acquisition of a semi-conductor company and new property launches.

Managing director Shirley Tan Lee Chin said the proposed acquisition of BPE Synergy Engineering Sdn Bhd for RM16 million via a share swapis is expected to be completed by the second half of this year.

She told reporters this after the signing of a memorandum of understanding on Wednesday between Tiger Synergy and BPE.

Tan said BPE would contribute at least RM18 million to group revenue.

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