Tropicana sells land to Eco World
KUALA LUMPUR: Tropicana Corp Bhd has hived off 308.72 acres (124.93ha) of land to Eco World Development Group Bhd for RM470.67 million in cash or RM35 per sq ft (psf).
The tract, which is located near Shah Alam, is part of the 1,172-acre landbank that Tropicana Corp bought from Permodalan Negeri Selangor Bhd for RM1.3 billion a year ago. It was valued at RM11.41 psf then.