Tropicana said the final price for both the lands were arrived at a “willing buyer willing seller” basis and had taken into consideration several factors including - its freehold status, future development potential and previous transacted prices of similar land in the surrounding areas.
PETALING JAYA: Tropicana Corp Bhd
has proposed to acquire two contiguous pieces of land of 308 acres in Bentong, Pahang from YTL Land & Development Bhd for RM402.49mil in cash.
The company will, through its wholly owned subsidiaries, buy the pieces of land from the vendors - Satria Sewira Sdn Bhd (102 acres for RM178.16mil) and Emerald Hectares Sdn Bhd (206 acres for RM224.33mil).
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