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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY PARAGON BUSINESS HUB SDN BHD (PBHSB), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF ONE (1) PIECE OF FREEHOLD LAND HELD UNDER GERAN 80943 LOT 2699 OF MUKIM PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FOR A PURCHASE CONSIDERATION OF RM71.5 MILLION TO BE SATISFIED IN CASH ("PROPOSED ACQUISITION")

PARAGON GLOBE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY PARAGON BUSINESS HUB SDN BHD (PBHSB), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF ONE (1) PIECE OF FREEHOLD LAND HELD UNDER GERAN 80943 LOT 2699 OF MUKIM PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FOR A PURCHASE CONSIDERATION OF RM71.5 MILLION TO BE SATISFIED IN CASH ("PROPOSED ACQUISITION")

Reference is made to the Company’s announcements dated 9 November 2022 in relation to the Proposed Acquisition of Paragon Business Hub Sdn Bhd to purchase one (1) piece of freehold land held under Geran 80943 Lot 2699 of Mukim Plentong, District of Johor Bahru, State of Johor ("Proposed Acquisition") for a total cash consideration of RM71,500,000.00.

On behalf of the Board of Directors of Paragon Globe Berhad (“Board”), the Board wishes to announce that the Proposed Acquisition had been completed on 10 November 2023 pursuant to the terms of the Sale and Purchase Agreements.

This announcement is dated 10 November 2023.






Announcement Info

Company Name PARAGON GLOBE BERHAD
Stock Name PGLOBE
Date Announced 10 Nov 2023
Category General Announcement for PLC
Reference Number GA1-09112023-00018



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