Tropicana

Tropicana redeems third tranche of sukuk worth RM110mil

KUALA LUMPUR: Tropicana Corporation Bhd has redeemed the third tranche of its Sukuk Wakalah Programme worth RM110 million, which was due on June 7, 2024. The property developer said the move was part of its efforts to reduce gearing and optimise financial management. The company had also redeemed its first tranche of...

Tropicana to re-enter Johor property market, two launches slated for this year

PETALING JAYA: Tropicana Bhd is re-entering the Johor property market after a hiatus of about three years, with two launches planned for 2024, spurred by rapid growth in the state. According to Tropicana marketing and sales/business development managing director Ixora Ang, the company’s outlook for the southern state is bullish, underpinned by the announcements of several key developments such as the...

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