TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TROPICANA CORPORATION BERHAD ("TCB") PROPOSED DISPOSAL OF TROPICANA GARDENS MALL BY TROPICANA INDAH SDN BHD, AN INDIRECT 70%-OWNED SUBSIDARY OF TCB ("PROPOSED DISPOSAL")
| TROPICANA CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | TROPICANA CORPORATION BERHAD ("TCB")
PROPOSED DISPOSAL OF TROPICANA GARDENS MALL BY TROPICANA INDAH SDN BHD, AN INDIRECT 70%-OWNED SUBSIDARY OF TCB ("PROPOSED DISPOSAL") |
On behalf of the Board of Directors of TCB, Maybank Investment Bank Berhad wishes to announce that Tropicana Indah Sdn Bhd, an indirect 70%-owned subsidiary of TCB, had on 23 July 2024 entered into a conditional sale and purchase agreement with IOI Mall Damansara Sdn Bhd, a wholly-owned subsidiary of IOI Properties Group Berhad, in relation to the proposed disposal of Tropicana Gardens Mall for a disposal consideration of RM680,000,000. Please refer to the attachment for further details on the Proposed Disposal. This announcement is dated 23 July 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | TROPICANA CORPORATION BERHAD |
| Stock Name | TROP |
| Date Announced | 23 Jul 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22072024-00083 |