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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITIONS BY PGB LANDMARK SDN BHD ("PLSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF PARAGON GLOBE BERHAD ("PGB"), OF 7 PLOTS OF FREEHOLD LANDS LOCATED IN THE MUKIM OF TANJUNG KUPANG AND 1 PLOT OF FREEHOLD LAND LOCATED IN THE MUKIM OF PULAI, ALL IN THE DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("LANDS") MEASURING IN AGGREGATE AN APPROXIMATE AREA OF 46.904 HECTARES FOR A TOTAL PURCHASE CONSIDERATION OF RM146,071,898.47 TO BE FULLY SATISFIED IN CASH ("PROPOSED ACQUISITIONS")

PARAGON GLOBE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITIONS BY PGB LANDMARK SDN BHD ("PLSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF PARAGON GLOBE BERHAD ("PGB"), OF 7 PLOTS OF FREEHOLD LANDS LOCATED IN THE MUKIM OF TANJUNG KUPANG AND 1 PLOT OF FREEHOLD LAND LOCATED IN THE MUKIM OF PULAI, ALL IN THE DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("LANDS") MEASURING IN AGGREGATE AN APPROXIMATE AREA OF 46.904 HECTARES FOR A TOTAL PURCHASE CONSIDERATION OF RM146,071,898.47 TO BE FULLY SATISFIED IN CASH ("PROPOSED ACQUISITIONS")

We refer to the announcements dated 17th November 2023, 26th February 2024, 11th March 2024 and 3rd May 2024 ("Announcements"). Unless otherwise stated, all abbreviations used in this announcement shall have the same meaning as defined in the Announcements.

The Board wishes to announce that the acquisition of Land 8 has been completed pursuant to the terms of the SPA for Land 8. Land 1, Land 2, Land 3, Land 4, Land 5, Land 6 and Land 7 are still pending completion as at the date of this announcement.

This Announcement is dated 13 June 2024.






Announcement Info

Company Name PARAGON GLOBE BERHAD
Stock Name PGLOBE
Date Announced 13 Jun 2024
Category General Announcement for PLC
Reference Number GA1-12062024-00018



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