Tropicana Corp calls off Pulai land sale

In a filing with Bursa Malaysia, Tan(pic), who has more than 55% stake in Tropicana, was said to have been appointed as executive vice-chairman. Subsequently, Tropicana announced its proposed acquisitions worth some RM1.85bil involving 12 agreements that would see 1,116.88 acres of land being injected into the company.

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.