Can Tropicana solve its debt woes?

Will Tropicana Corp Bhd be able to wiggle itself out of the debt bind that the group has been saddled with? This has been a long-standing question for the group that aggressively piled on debt for its ambitious projects but was largely set back by the economic malaise arising from the Covid-19 pandemic.

Over the last few months, Tropicana Corp has sold RM623mil worth of land in Gelang Patah, Johor, to two data centre operators. It has also sold land to other Malaysian parties.