PETALING JAYA: Tropicana Corp Bhd's unit Sapphire Index Sdn Bhd, will accelerate part payment to the Menteri Besar Selangor Inc (MBI) via Permodalan Negeri Selangor Bhd (PNSB) over a portion of land formerly known as “Canal City” in Kota Kemuning. The payment will now be on the basis of the area that can be developed instead of gross land area.
This is one of the key amendments Tropicana has entered with MBI and PNSB to add some terms for the acquisition of the 1,172 acres in Kota Kemuning.
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