Dato Yau | New Straits Times - 14 January 2015 - Tropicana upbeat RM 2 Billion sales


SUBANC JAYA: Tropicana Corp Bhd expects to acliieve its RM2 billion sales target this year despite tougher business conditions. Group chief executive officer Datuk Yau Kok Seng said the sales target will be driven by the group's ongoing launches. Tropicana's sales have continued to hold up at higher level in the past due to its strong branding and innovative marketing strategies. Speaking to reporters, Yau said the company will continue its progress forward, improve where it needs to and build momentum where it has already succeeded.
The developer is developing a portfolio of multi-billion ringgit projects in Greater Kuala Lumpur, Iskandar Malaysia and Penang, It has undeveloped land in strategic key growth regions in Malaysia, which has an estimated gross development value of RM70 billion. Tropicana is the ninth largest property developer in Malaysia by market capitalisation. In terms of sales, it is the fifth biggest company after SP Setia Bhd and UEM Sunrise Bhd. Yesterday, the company teamed up with renowned global education group GEMS Education to develop a RM50 million school campus in the 3S.61ha integrated development Tropicana's Metropark. The pact is expected to see the creation of a world-class international school campus that is competitive with some of the world's best schools. The campus, to be built by Tropicana on a 2.02ha site, will house an integrated international school offering foundation to primary and secondary stages of learning it will be operated by GEMS Education upon completion in 2017, with first intake expected in September-.
PIC : Education and Higher Learning Minister II Datuk Seri Idris Jusoh (second from left) with Tropicana Corp group executive vice-chairman Tan Sri Danny Tan (third from left), group chief executive officer Datuk Yau Kok Seng (third from right) and GEMS Maju Sdn Bhd CEO Tom Collin (second from right) looking at a replica of the school campus at the signing ceremony yesterday.


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