Tropicana sells Johor land for RM383.13mil to NTT Data Group

PETALING JAYA: Tropicana Corp Bhd is disposing of a parcel of freehold land measuring approximately 68.457 acres in Johor Baru, Johor, to Japanese multinational information technology service and consulting company, NTT Data Group, for RM383.13mil.

In a filing with Bursa Malaysia, Tropicana said the proposed disposal presents an opportunity for Tropicana Group to unlock the value of the land.