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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PARAGON GLOBE BERHAD ("PGB" OR "COMPANY") PROPOSED DISPOSAL BY PARAGON BUSINESS HUB SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PGB, OF PART OF A PARCEL OF FREEHOLD LAND HELD UNDER GERAN 80943 LOT 2699, IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR MEASURING IN AGGREGATE AN APPROXIMATE AREA OF 47.860 ACRES (2,084,781.60 SQUARE FEET) TO BRIDGE DATA CENTRES MALAYSIA IV SDN. BHD. FOR A CASH CONSIDERATION OF RM238,317,195.60 ("PROPOSED DISPOSAL")

PARAGON GLOBE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PARAGON GLOBE BERHAD ("PGB" OR "COMPANY") 

PROPOSED DISPOSAL BY PARAGON BUSINESS HUB SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PGB, OF PART OF A PARCEL OF FREEHOLD LAND HELD UNDER GERAN 80943 LOT 2699, IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR MEASURING IN AGGREGATE AN APPROXIMATE AREA OF 47.860 ACRES (2,084,781.60 SQUARE FEET) TO BRIDGE DATA CENTRES MALAYSIA IV SDN. BHD. FOR A CASH CONSIDERATION OF RM238,317,195.60 ("PROPOSED DISPOSAL")

On behalf of the Board of Directors of PGB (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that Paragon Business Hub Sdn. Bhd. (“PBHSB” or “Vendor”), a wholly-owned subsidiary of PGB, had on 8 May 2024, entered into a conditional sale and purchase agreement (“SPA”) with Bridge Data Centres Malaysia IV Sdn. Bhd. (“BDC” or “Purchaser”) for the proposed disposal by PBHSB of part of a parcel of freehold land held under Geran 80943 Lot 2699, in the Mukim of Plentong, District of Johor Bahru, State of Johor measuring approximately 47.860 acres (2,084,781.60 square feet) (“Land”) for a cash consideration of RM238,317,195.60 (“Disposal Consideration”) (“Proposed Disposal”).

 

Please refer to the attachment for further details of the Proposed Disposal.  

 

This announcement is dated 8 May 2024.




Please refer attachment below.



Announcement Info

Company Name PARAGON GLOBE BERHAD
Stock Name PGLOBE
Date Announced 08 May 2024
Category General Announcement for PLC
Reference Number GA1-07052024-00050



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