Tiger Synergy Berhad (KLSE:TIGER) entered into a memorandum of understanding to acquire BPE Synergy Engineering Sdn Bhd from individual shareholders for MYR 18 million on January 6, 2016. The individual sellers include Yong Yoon Cheng and Tye Chin Chow. Under the transaction, Tiger will acquire 1.8 million shares in exchange of 200 million Tiger shares.

The transaction is subject to finalize and enter into definitive agreement within 3 months from the date of the understanding or as mutually agreed upon. The transaction is not expected to have any material effects on the earnings or net assets of Tiger Synergy Berhad for the financial year ended June 30, 2014.