TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DISPOSAL OF FREEHOLD LAND WITH DEVELOPABLE AREA MEASURING IN AGGREGATE OF APPROXIMATELY 251.5855 ACRES IN AREA IN THE MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, NEGERI JOHOR DARUL TAKZIM, BY TROPICANA DESA MENTARI SDN. BHD. (TDM OR VENDOR), A WHOLLY-OWNED SUBSIDIARY OF TROPICANA GOLF & COUNTRY RESORT BERHAD (TGCRB), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF TROPICANA, TO TIARN OVERSEA GROUP SDN. BHD. (TIARN), FOR A CASH CONSIDERATION OF RM569,871,328

TROPICANA CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
DISPOSAL OF FREEHOLD LAND WITH DEVELOPABLE AREA MEASURING IN AGGREGATE OF APPROXIMATELY 251.5855 ACRES IN AREA IN THE MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, NEGERI JOHOR DARUL TAKZIM, BY TROPICANA DESA MENTARI SDN. BHD. (TDM OR VENDOR), A WHOLLY-OWNED SUBSIDIARY OF TROPICANA GOLF & COUNTRY RESORT BERHAD (TGCRB), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF TROPICANA, TO TIARN OVERSEA GROUP SDN. BHD. (TIARN), FOR A CASH CONSIDERATION OF RM569,871,328

We refer to the announcements made in relation to the Disposal dated 30 May 2016, 30 June 2016 and 1 July 2016 (“Announcements”). Unless otherwise defined herein, the abbreviations used in this announcement are the same as those previously defined in the Announcements.

The Board of Directors of Tropicana wishes to announce that both the Vendor and Purchaser had via a letter dated 29 December 2017, mutually agreed to extend the Extended CP Period for a further one (1) month from 30 December 2017 to 30 January 2018.

 

This announcement is dated 29 December 2017.



Announcement Info

Company Name TROPICANA CORPORATION BERHAD
Stock Name TROP
Date Announced 29 Dec 2017
Category General Announcement for PLC
Reference Number GA1-29122017-00118