KLSE (MYR): TWL (7079)
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ivan9511
3,854 posts
Posted by ivan9511 > 2018-04-19 13:19 | Report Abuse
29-Jun-2017 可负担房屋业务稳定.金虎盈利看俏
Tiger Synergy to build affordable homes worth RM1b in Seremban
Author: moneyKing | Publish Date: 15 Dec 2017, 10:05 AM
Chester Tay/theedgemarkets.com
December 14, 2017 20:41 pm +08
KUALA LUMPUR (Dec 14): Tiger Synergy Bhd has proposed to develop affordable homes in Seremban, under a contract worth RM1 billion.
In a filing with Bursa Malaysia, Tiger Synergy said the group has received a letter of intent from a company called Elite Community Sdn Bhd to undertake the development.
The project involves the development of 5,000 units of affordable apartments on a leasehold land, measuring 123 acres.
The building comprises 15 blocks of 21-storey apartments, with three different built-up areas.
Tiger Synergy said the planning approval of the project will be submitted upon final design review and approvals from all relevant authorities, and are expected to be obtained within 12 months.
Construction work will commence upon receiving the building plan approval, the group added.
Tiger Synergy said the project is expected to increase its construction order book, revenue and profits.
Tiger Synergy was suspended from trading today. It will resume trading tomorrow.
The counter last closed at 4.5 sen yesterday (Dec 13), valuing the group at RM74.35 million.
17/04/2018 14:23