TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS TROPICANA CORPORATION BERHAD ("TROPICANA" OR "COMPANY") PROPOSED DISPOSAL OF FREEHOLD LAND WITH AN AREA MEASURING IN AGGREGATE OF APPROXIMATELY 9.12 ACRES IN AREA IN PEKAN COUNTRY HEIGHT, DISTRICT OF PETALING, NEGERI SELANGOR, BY TROPICANA METROPARK SDN. BHD. ("TMSB" OR "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF TROPICANA, TO NEXT DELTA SDN. BHD. ("NDSB"), A WHOLLY-OWNED SUBSIDIARY OF MCT BERHAD, FOR A CASH CONSIDERATION OF RM143,000,000.00

TROPICANA CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
TROPICANA CORPORATION BERHAD ("TROPICANA" OR "COMPANY")
PROPOSED DISPOSAL OF FREEHOLD LAND WITH AN AREA MEASURING IN AGGREGATE OF APPROXIMATELY 9.12 ACRES IN AREA IN PEKAN COUNTRY HEIGHT, DISTRICT OF PETALING, NEGERI SELANGOR, BY TROPICANA METROPARK SDN. BHD. ("TMSB" OR "VENDOR"), A WHOLLY-OWNED  SUBSIDIARY OF TROPICANA, TO NEXT DELTA SDN. BHD. ("NDSB"), A WHOLLY-OWNED SUBSIDIARY OF MCT BERHAD, FOR A CASH CONSIDERATION OF RM143,000,000.00

We refer to the announcement made in relation to the Proposed Disposal dated 13 April 2018 (“Announcement”).  Unless otherwise defined herein, the abbreviations used in this announcement are the same as those previously defined in the Announcement.  

The Board of Directors of Tropicana wishes to announce that the Purchaser had on 4 July 2018 procured the State Authority’s Consent which rendered the SPA to be unconditional.

This announcement is dated 6 July 2018.

 






Announcement Info

Company Name TROPICANA CORPORATION BERHAD
Stock Name TROP
Date Announced 06 Jul 2018
Category General Announcement for PLC
Reference Number GA1-06072018-00083