Tropicana to jointly develop RM4.3 billion township in Johor
Last update: 14/09/2018
KUALA LUMPUR, Sept 14 (Bernama) – Tropicana Corporation Bhd (TCB) plans to participate in the development of a township in Johor with a potential net gross development value of RM4.3 billion by acquiring a 50.1 per cent stake in Peluang Duta Sdn Bhd (PDSB).
In a filing with Bursa Malaysia today, the property developer announced its proposal to buy the 501,000 shares in PDSB for RM49.05 million.
PDSB, through 70 per cent-owned subsidiary T Sanctuary Development Sdn Bhd, owns 133.18 hectares of leasehold land earmarked for the project.....