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

In a filing with Bursa Malaysia yesterday, Tropicana said it has entered into a conditional share sale agreement with Chee Sing and his children to acquire a 50.1% stake in Peluang Duta Sdn Bhd, whose 70%-owned subsidiary T Sanctuary Development Sdn Bhd owns two plots of leasehold land totalling 329.1 acres in Johor, for RM49.05 million.