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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"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF ONE (1) PARCEL OF FREEHOLD LAND HELD UNDER GM699 LOT 300 OF MUKIM PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FOR A PURCHASE CONSIDERATION OF RM9.518 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
PARAGON GLOBE BERHAD ("PGB" OR "COMPANY")

PROPOSED ACQUISITION BY PARAGON BUSINESS HUB SDN BHD ("PBHSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF ONE (1) PARCEL OF FREEHOLD LAND HELD UNDER GM699 LOT 300 OF MUKIM PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR FOR A PURCHASE CONSIDERATION OF RM9.518 MILLION TO BE SATISFIED IN CASH ("PROPOSED ACQUISITION")

On behalf of the Board of Directors of PGB, SJ Securities Sdn Bhd wishes to announce that PBHSB, a wholly-owned subsidiary of the Company, has today entered into a sale and purchase agreement with Tan Kim Yan for the proposed acquisition of one (1) parcel of freehold land held under GM699 Lot 300 of Mukim Plentong, District of Johor Bahru, State of Johor measuring approximately 3.9457 hectares for a purchase consideration of RM9.518 million.

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

 

This Announcement is dated 30 November 2022.




Please refer attachment below.



Announcement Info

Company Name PARAGON GLOBE BERHAD
Stock Name PGLOBE
Date Announced 30 Nov 2022
Category General Announcement for PLC
Reference Number GA1-30112022-00091




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