Tiger Synergy's unit gets RM4m loan facility

PETALING JAYA: Tiger Synergy Bhd's wholly-owned subsidiary Promosi Juara Sdn Bhd (PJSB) has clinched a short term loan of RM4 million from TA Capital Sdn Bhd, for the company's working capital requirement.
In a filing with Bursa Malaysia yesterday, Tiger Synergy said the tenure for the loan is three months from the date of drawdown of the loan facility.
"Assuming the loan facility is fully drawdown, the gearing ratio is 3.09 based on the audited consolidated results of the group as at June 30, 2015," it added.
Tiger Synergy operates manufacturing and real estate development businesses. It manufactures furniture parts and wood-based products, and develops residential and commercial real estate projects.
The counter closed unchanged at 9 sen yesterday, with some 36.49 million shares traded.