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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PARAGON GLOBE BERHAD ("PGB" OR "COMPANY") PROPOSED ACQUISITION BY PARAGON BUSINESS HUB SDN BHD ("PBHSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF PGB, OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER HSD 631308 PTD 250799, IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR MEASURING APPROXIMATELY 14.85 ACRES FOR A PURCHASE CONSIDERATION OF RM28,563,133.20 TO BE SATISFIED IN CASH ("PROPOSED ACQUISITION")

PARAGON GLOBE BERHAD

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

PROPOSED ACQUISITION BY PARAGON BUSINESS HUB SDN BHD ("PBHSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF PGB, OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER HSD 631308 PTD 250799, IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR MEASURING APPROXIMATELY 14.85 ACRES FOR A PURCHASE CONSIDERATION OF RM28,563,133.20 TO BE SATISFIED IN CASH ("PROPOSED ACQUISITION")

On behalf of the Board of Directors of PGB, TA Securities Holdings Berhad wishes to announce that PBHSB, a wholly-owned subsidiary of PGB, had on 30 May 2024, entered into a conditional sale and purchase agreement with Semenang Realty Sdn Bhd for the proposed acquisition of all that piece of freehold land held under HSD 631308 Lot PTD 250799, in the Mukim of Plentong, District of Johor Bahru, State of Johor measuring approximately 14.85 acres for a purchase consideration of RM28,563,133.20 to be satisfied in cash.

 

Please refer to the attachment for further details on the Proposed Acquisition.




Please refer attachment below.



Announcement Info

Company Name PARAGON GLOBE BERHAD
Stock Name PGLOBE
Date Announced 30 May 2024
Category General Announcement for PLC
Reference Number GA1-30052024-00094



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