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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY PGB ICONIC SDN BHD (PISB), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF ONE (1) PARCEL OF FREEHOLD LAND HELD UNDER HS(D) 135013 PTB 17989 TOWNSHIP OF JOHOR BAHRU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR

PARAGON GLOBE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITION BY PGB ICONIC SDN BHD (PISB), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF ONE (1) PARCEL OF FREEHOLD LAND HELD UNDER HS(D) 135013 PTB 17989 TOWNSHIP OF JOHOR BAHRU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR

Reference is made to the Company’s announcements dated 3 November 2023 in relation to the Proposed Acquisition of PGB Iconic Sdn Bhd to purchase one (1) parcel of freehold land held under HS(D) 135013 PTB 17989 Township of Johor Bahru, District of Johor Bahru, State of Johor ("Proposed Acquisition") for a total consideration of RM16,538,120.00.

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 22 April 2024 pursuant to the terms of the Sale and Purchase Agreements.

This announcement is dated 23 April 2024.






Announcement Info

Company Name PARAGON GLOBE BERHAD
Stock Name PGLOBE
Date Announced 23 Apr 2024
Category General Announcement for PLC
Reference Number GA1-19042024-00041



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