News about Tropicana

In a statement, Tropicana said redemption under the sukuk programme, launched in 2020 to fund development plans, reflects efforts to manage its debt.

Din Tan Yong Chia, 32, is the son of Tropicana's group executive vice chairman and major shareholder Tan Sri Danny Tan Chee Sing.

The proposed development, with a gross development value (GDV) of RM427 million, will feature serviced apartments targeted at young homebuyers, OSK said.

Clarissa Residences brings a new dimension of luxury beachfront living to Langkawi, strategically located within the Tropicana Cenang integrated development.

“The redemption of sukuk reflects Tropicana Corp's prudent financial management and commitment to fulfilling its obligations to investors.

The group said Bank Negara Malaysia’s recent 25-basis-point cut in the overnight policy rate is anticipated to create a more supportive environment for homebuyers and investors by reducing borrowing costs and improving housing affordability.

Sitting on a 5.

Ang said the initiative fits the group’s mission of building sustainable, liveable townships that go beyond physical development.

“Johor has become one of Malaysia’s top investment destinations, and the official opening of Skypark Kepler comes just at the right time,” said Ang.

Datuk Mark Victor Rozario, 60, took on the role as group CEO, along with the non-independent executive director position on Dec 3 last year.