Posted by aceever > 2013-08-24 00:10 | Report Abuse

Reported On Malaysia Property News http://www.starproperty.my/index.php/articles/property-news/spore-company-to-buy-5-sites-in-nusajaya-johor/ Malaysian tycoon Danny Tan is poised to take control of a little-known Singapore-listed firm, in a deal involving five sites in the bustling Iskandar growth belt worth an estimated RM3bil. The parcels, ranging from 12 hectares to 113 hectares, are in Iskandar’s flagship development Nusajaya. They are earmarked for an integrated business park and mixed commercial and residential developments. Tan is the 23rd richest person in Malaysia, according to Forbes. His flagship group is Tropicana Corp, which until May this year was called Dijaya Corp and is listed on Malaysia’s bourse. He is the younger brother of Vincent Tan, the country’s 10th richest man, who controls flagship conglomerate Berjaya Group.