Tropicana sells land in Johor for RM240mil

PETALING JAYA: Tropicana Corp Bhd is disposing of 38.527 acres of freehold land in Gelang Patah, Johor to Computility Technology (M) Sdn Bhd (CTMSB) for RM240mil.

In a statement, Tropicana said CTMSB is wholly-owned by ZData Cloud Technology Pte Ltd, which in turn is an indirect wholly-owned subsidiary of ZData Technologies Co Ltd, a leading provider of cloud-network convergence and digitised information technology infrastructure services company, with its headquarters in Beijing, China.