Tropicana Corp calls off Pulai land sale

TheStar Fri, Feb 08, 2019 07:51am - 5 years View Original


Notably, last month, Tropicana had announced a major corporate exercise involving a proposed asset injection of RM1.85bil.  The assets involved 1,116.88 acres of land being injected into the company by its founder and major shareholder, tycoon Tan Sri Danny Tan Chee Sing(pic).

Notably, last month, Tropicana had announced a major corporate exercise involving a proposed asset injection of RM1.85bil. The assets involved 1,116.88 acres of land being injected into the company by its founder and major shareholder, tycoon Tan Sri Danny Tan Chee Sing(pic).

PETALING JAYA: Tropicana Corp Bhd has called off a major land sale worth RM569.87mil involving 251.8 acres located in Pulai, Johor.

   

The land deal was announced back in 2016, which the group had signed with a China-based developer – Tiarn Oversea Group Sdn Bhd – to sell the freehold land in Iskandar, Johor.

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