Tropicana Corporation Berhad Annual Report 2023

Tropicana Corporation Berhad Annual Report 2023 1
CONTENTS 5
GROUP OVERVIEW 7
2023 at a Glance 8
Corporate Information 10
2023 Events & Highlights 12
Significant Milestones 30
Corporate Structure 32
Our Commitment to Excellence 34
MANAGEMENT DISCUSSION & ANALYSIS 35
Management Discussion & Analysis 36
Overview & Market Outlook 38
Our Key Priorities 40
Market Traction & Future Growth 41
The Tropicana Journey & Market Traction 42
Unlocking Our Landbank 48
Upcoming Developments 50
Investment Properties 53
Performance at a Glance 54
Financial Highlights & Insights 56
Value Added Statement 58
Investor Relations 59
Quality Commitment 61
Quality Finish 63
TROPICANA SUSTAINABILITY STATEMENT 65
Tropicana Sustainability Statement 66
CEO Statement 71
Planet: Environmental Sustainability 88
People: Social Sustainability 100
Partnership: Sustainability 124
GOVERNANCE 139
Directors’ Profile 140
Senior Management Profile 146
Corporate Governance Overview Statement 151
Additional Compliance Information 164
Statement on Risk Management & Internal Control 165
Audit Committee Report 170
FINANCIAL STATEMENT & OTHER INFORMATION 173
Statement of Directors’ Responsibility 174
Financial Statements 175
Analysis of Shareholdings 305
Analysis of Irredeemable Convertible Preference Shareholdings 308
List of Properties 309
Group Directory 327
Notice of Forty-fifth Annual General Meeting 329
Administrative Guide & Proxy Form 337

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