丽阳机构18亿收购12家房地产公司

丽阳机构（TROP，5401，主板产业股）宣布数项企业活动。首先，建议以3亿4.370万令吉，向6造收购12家房地产公司，这些公司总共持有1121英亩，位于柔佛和吉隆坡的地皮。

同时，该机构也与作为卖方之一的丹斯里拿督陈志成签署协议，以偿还上述12家房地产公司拖欠陈氏的款项。上述12家房地产公司共拖欠陈志成15亿零730万令吉款项。

根据协议，陈氏将豁免上述12家房地产公司的偿还债务的责任将转移至丽阳机构身上。换句话说，丽阳机构需要为上述收购活动支付18亿5100万令吉代价。该机构将通过发出每股1.29令吉，共2亿8650万可赎回可转换优先股（RCPS)集资。

该机构预计，RCPS可筹得13亿3220万令吉或总收购价的80%，另外20%则通过银行贷款，并向陈氏寻求再融资。

该机构亦提议修改公司章程，以发行RCPS以及进行偿债协议。

最后，该公司宣布，与5家私人有限公司签署谅解备忘录（MoU)，共同发展数片位于吉打州浮罗交怡和柔佛州笨珍的地皮，总占地面积为1328英亩。该机构认为，收购房地产公司有助增加公司位于柔佛和吉隆坡的地库。

陈志成任副主席

同时，丽阳机构宣布2项人事变动，即口生效。丽阳机构在大马交易所指出， 副主席丹斯里林伟才转任非独立非执行主席，并委任丹斯里陈志成担任执行副主席。

截至本月10曰，陈志成直接和间接持有丽阳机构25.106%股权及 38. 454%股。

Tropicana Corp. Bhd. (TROP, 5401, main market, property) announced few of its company’s activities.

Firstly, the group proposed to acquire 12 real estate holding companies at RM 343.7mil. It said the land banks from these companies are located in Klang Valley and Johor, with total 1,121 acres.

Meanwhile, the group reached to an agreement with one of the seller, Tan Sri Dato Danny Tan, to return Tan’s debts of RM 1.51bil that was delayed by these 12 real estate holding companies.

In a statement today, Tropicana Corp. Bhd. said the proposed acquisition would be satisfied via the issuance of new redeemable convertible preference shares (RCPS).

In another words, the group will have to pay RM 1.85bil to support the above-mentioned activity.

The group mentioned the issuance of 286.5mil new RCPS in the group at an issue price of RM 1.20.

The group expected RCPS able to collect RM 1.33bil or 80% of the total acquisition price, whereas balance 20% will be via Tan Sri Dato’ Danny Tan bank borrowings.

Lastly, Tropicana Corp. Bhd. announced the group has signed Memorandum of Understanding (MoU) with five companies to jointly develop few plots of land total 1,328 acres own in Pulau Langkawi and Pekan Nenas, Johor.

The group said the acquisition is expected to facilitate the continuing growth existing land bank in Johor and Klang Valley.

Tan Sri Dato’Danny Tan as Executive Vice Chairman

Meanwhile, Tropicana Crop. Bhd. announced two of the changes in the group’s human resource, effective immediately.

The group reported to Bursa Malaysia on the re-designation of Tan Sri Dr. Lim Wee Chai from Non-Executive Deputy Chairman to Non-Executive Chairman of the Group and the founder, Tan Sri Dato’Tan Chee Sing returns as Executive Vice Chairman.

As of the 10th of this month, Tan Sri Dato’ Danny Tan’s direct and indirect shares in Tropicana Corp. Bhd. are 25.1% and 38.45% respectively.