China Press - Tropicana spend 2.5m to fully purchase on Myxon

Kuala Lumpur, 13 January 2018 – Tropicana Corp. Bhd. (TROP, 5401, main market, property) acquires every stake in scaffold firm, Myxon (M) Sdn Bhd, for RM 2.5mil.

Tropicana reported to Bursa Malaysia that the group acquires 1,000,000 ordinary shares representing 100% of the issued and paid-up share capital of Myxon (M) Sdn Bhd. The latter was involved in the sale and rent of new and used scaffolding and formwork equipment.

Tropicana said its director Datuk Tang Vee Mun, has abstained from deliberating and voting on the directors' resolution pertaining to the acquisition, as he is the interested party in this acquisition.