Tropicana sells Chin Hin shares to its chairman Danny Tan for RM12.5m
Following the related-party transaction which took place on Feb 15, Desiran Realiti's shareholding in Chin Hin currently stands at 14.
Following the related-party transaction which took place on Feb 15, Desiran Realiti's shareholding in Chin Hin currently stands at 14.
“In 2022, this mission saw the group extending support to a wide range of organisations and demographics through initiatives such as our annual Buggy of Joy charity drive, ringing in the lunar new year with charitable cheer,” said group executive director of Tropicana, Jared Ang.
If you still haven't gotten enough of the Lunar New Year festivities, come enjoy the Taiwanese Street Market Event at Tropicana Metropark Property Gallery featuring numerous Taiwanese street food stalls, game booths, a Lion Dance performance (11 Feb, 12pm), Taiwanese-inspired Wishing Wall, Gift of Fortune lucky draw, Sugar Painting workshop, and live band performance (all day, 11 am & 3 pm).
The combined proceeds raised from these three rounds of disposals — RM234.
iMAZING Realty group director, Gary Lok: It will enhance our brand image to help prospective clients get a sense of what it might be like to work with us in helping them get their dream properties.
Tropicana said barring any unforeseen circumstances, the proposed private placement is expected to be completed by the second quarter of 2023.
At the operating level, Tropicana recorded profits of RM61.
A recreational hub and two educational institutions nearby, namely Tenby International School and SJKC Bukit Fraser, cater for the growing needs of the community.
Tropicana Industrial Park’s proximity to the newly completed Sungai Pulai Bridge reduces travel time between Pontian and the Port of Tanjung Pelepas while its strategic location near the Malaysia-Singapore Second Link “facilitates traffic to Tuas and the Jurong East industrial area in Singapore as well”.
Dubbed Sheraton Langkawi Resort and Spa, the hotel building will have a gross development value (GDV) of RM352 million.