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.
“CTMSB plans to use the land to establish its regional data centre hub in Johor,” it said.
Tropicana noted that Johor is rapidly emerging as a pivotal digital infrastructure hub in South-East Asia, with high-value investments in hyperscale data centres fuelling the growth of technology-related industries and economic opportunities for the local community.
