BRIEF-3Cnergy Ltd Says Unit To Launch A Public Tender For Sale Of Properties

Jan 22 (Reuters) - 3Cnergy Ltd:

* 3CNERGY LTD - UNIT TO LAUNCH A PUBLIC TENDER FOR SALE OF PROPERTIES LOCATED AT PLOTS AT JOHOR DARUL TAKZIM

* 3CNERGY LTD- BOARD OF VIEW THAT IT WILL NOT BE COMMERCIALLY VIABLE FOR GROUP TO PROCEED WITH DEVELOPMENT OF PROPERTIES IN FORESEEABLE FUTURE

* 3CNERGY LTD - AS OF WED, GROUP HAS OUTSTANDING BANK BORROWINGS OF ABOUT S$49.1 MILLION ON PROPERTIES

* 3CNERGY LTD- BOARD HAS CONSIDERED OPTION OF RAISING ADDITIONAL FUNDING TO FINANCE REPAYMENT OF LOAN

* 3CNERGY LTD - BOARD HAS CONSIDERED DISPOSING PROPERTIES TO IMPROVE FINANCIAL POSITION Source text for Eikon: Further company coverage: