Quick take: Tiger Synergy shares fall 14% in early trade

  • Business
  • Friday, 26 Apr 2019

KUALA LUMPUR: Tiger Synergy Bhd is the second most actively traded counter on Bursa Malaysia in early trade on Friday.

The counter rose 14.29%, or one sen to six sen with 32.6 million shares exchanged hands.

The company has not made any corporate announcements recently apart from changes in its director’s interest and its employees share option scheme exercise.

For the first six months ended Dec 31, 2018, Tiger Synergy posted a net profit of RM568,000 on revenue of RM8.36mil.

Last week, its major shareholder Datuk William Tan Wei Lian pledged to invest at least RM30mil in Seacera Group Bhd  to resolve its cash flow and credit liabilities.

He recently emerged as the single largest shareholder of Seacera, with a stake of more than 16%.

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