KUALA LUMPUR (Dec 12): Shares of Tiger Synergy Bhd will be suspended from trading effective 9am tomorrow (Dec 14), pending release of a material announcement.

In a filing with Bursa Malaysia, the property development company also announced share disposals by its chairman Datuk Tan Wei Lian and managing director Tan Lee Chin.

Wei Lian had disposed of 1.7 million shares through the open market in two separate transactions on Dec 11 and Dec 12.

Meanwhile, his sister Lee Chin sold 200,000 shares on the open market on Dec 11.

Both hold a combined interest of 14.48% in Tiger Synergy.

Shares in the group closed up 0.5 sen or 12.5% at 4.5 sen today, valuing the group at RM74.35 million.