Tropicana Corp issues RM300 mil Sukuk Wakalah to strengthen financial position and drive growth
This issuance aligns with the group’s strategy to optimise financial management while advancing its strategic growth initiatives.
This issuance aligns with the group’s strategy to optimise financial management while advancing its strategic growth initiatives.
Privasia said the project will now be spearheaded by its subsidiary, Silver Streams Technofarm Sdn Bhd.
The group said it has, through a subsidiary, signed a sale and purchase agreement with Lotuss for the leasehold land and buildings erected on it located along Jalan Changkat Jong, Teluk Intan, Perak.
NCT Group said the sukuk programme will enhance the group’s funding flexibility for its working capital needs and support its long-term growth strategy, while broadening its access to the domestic debt capital market.
The REIT said retail remains the cornerstone of its performance, contributing RM652.
As at June 30, 2025, S P Setia’s total borrowings stood at RM8.
Bandar Nusa Rhu, Selangor terrace house sold for RM695k | DONE DEAL Taman Sri Hartamas, Kuala Lumpur terrace house sold for RM1.
Bukit Jalil is a key Klang Valley hub, with established institutional, and growing residential, and commercial developments, supported by strong infrastructure.
In a statement, Tropicana said redemption under the sukuk programme, launched in 2020 to fund development plans, reflects efforts to manage its debt.
The funds may also be used to finance projects, investments and asset acquisitions, as well as cover related fees and expenses, according to its filing with Bursa Malaysia on Wednesday.