News about Tropicana

The higher revenue was mainly driven by increased progress billings across key projects in the Klang Valley, Southern and Northern regions.

This issuance aligns with the group’s strategy to optimise financial management while advancing its strategic growth initiatives.

OFFLINE 16 aims to raise awareness by making preventive mental wellness simple, practical, and accessible through real-world experiences that encourage people to unplug, reconnect, and build healthy habits.

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.

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