The Malaysian Reserve

Tropicana appoints Lim Wee Chai as deputy chairman

We need to learn from advanced countries, why they are so advanced and invest in the right things, then only you can compete, says Lim (Pic by Ismail Che Rus/TMR)

Property developer, Tropicana Corporation Berhad and its group of companies (“Tropicana” or “Group”) announced the appointment of Tan Sri Dr. Lim Wee Chai (“Tan Sri Dr. Lim”) as its Non-Independent Non-Executive Deputy Chairman, who is also the Executive Chairman of Top Glove Corporation Berhad (“Top Glove”), effective 24 October 2017.

Prior to joining Tropicana, Tan Sri Dr. Lim has snapped up an additional 8.5% stake in Tropicana, making him a substantial shareholder with approximately 10.24% shareholding in the Group. Additionally, Tropicana had on 2 October 2017, announced that Datuk Lim Thean Shiang (“Datuk TS Lim”) has been appointed as an Independent Non-Executive Director of Tropicana. Datuk TS Lim is also an Executive Director and Group Chief Executive Officer of Daya Materials Berhad since 2015. He has over 20 years of experience in property development and construction, which will be an invaluable contribution to the development of the Group.

Advisor to Tropicana, Tan Sri Danny Tan Chee Sing commented, “Our latest board members consist of iconic corporate figures that have made significant impact within their respective industries, locally and internationally. By lending their successful and diversified experience, it is sure to give us a broader perspective, adding vibrancy and creativity to our overall business strategy.”

Tan Sri Dr. Lim expressed, “I have always had my eye on property development, and I believe now is the right time and Tropicana is the right company. Over the years, Tropicana has proven itself by delivering high quality and iconic projects to its customers, with my business experiences and contacts regionally and internationally, I hope to contribute positively to move Tropicana up the value chain.” Tan Sri Dr. Lim added that he looks forward to work closely with the Tropicana management team in upholding business ethics of honesty, integrity, and transparency in enhancing corporate governance, shareholders value, and competitive edge of Tropicana.

As at 24 October 2017, Tropicana has a total land bank of over 1,000 acres across Malaysia.