• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TROPICANA CORPORATION BERHAD ("TROPICANA" OR "THE COMPANY") PROPOSED DISPOSAL OF A HOTEL KNOWN AS W KUALA LUMPUR AND ITS ASSETS ("W KL") BY TROPICANA RESIDENCES SDN BHD ("TRSB" OR "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF TROPICANA ("PROPOSED DISPOSAL")

TROPICANA CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TROPICANA CORPORATION BERHAD ("TROPICANA" OR "THE COMPANY")

PROPOSED DISPOSAL OF A HOTEL KNOWN AS W KUALA LUMPUR AND ITS ASSETS ("W KL") BY TROPICANA RESIDENCES SDN BHD ("TRSB" OR "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF TROPICANA ("PROPOSED DISPOSAL")

The Board of Directors of Tropicana (“Board”) wishes to announce that TRSB, a wholly-owned subsidiary of Tropicana, had on 6 December 2023 entered into a sale and purchase agreement with IOI PFCC Hotel Sdn Bhd (“IOI PFCC”) and Flora Development Sdn Bhd (“Flora Development”) in relation to the Proposed Disposal (“SPA”), for a total cash consideration of RM270,000,000 (“Disposal Consideration”).

 

Details of the Proposed Disposal is in the attached file.

 

This announcement is dated 6 December 2023.




Please refer attachment below.



Announcement Info

Company Name TROPICANA CORPORATION BERHAD
Stock Name TROP
Date Announced 06 Dec 2023
Category General Announcement for PLC
Reference Number GA1-06122023-00068



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X