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Tycoon Danny Tan takes back reins of Tropicana

KUALA LUMPUR (Jan 24): Tycoon Tan Sri Danny Tan Chee Sing (pictured), founder and major shareholder of Tropicana Corp Bhd with a 63.56% stake, is back at the helm of the property developer as executive vice chairman after a three-and-a-half-year hiatus.

*Danny Tan’s son Dillon quits as Tropicana executive director

*Tycoon Danny Tan to inject project worth RM4.3b into Tropicana

Tan, 62, had announced his retirement from the day-to-day management of Tropicana, which he founded in 1992, in June 2015.

At the same time, Top Glove Corp Bhd founder and executive chairman Tan Sri Lim Wee Chai, 61, who holds a 10.296% stake in Tropicana, has been redesignated from non-executive deputy chairman to non-executive chairman of the group.— theedgemarkets.com

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