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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS DESIGN-BUILD AND LEASE AGREEMENT BETWEEN ITS WHOLLY-OWNED SUBSIDIARY, PARAGON BIZHUB SDN BHD (PBSB OR LESSOR) AND PROFIT VELO SDN BHD (PVSB OR LESSEE).

PARAGON GLOBE BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
DESIGN-BUILD AND LEASE AGREEMENT BETWEEN ITS WHOLLY-OWNED SUBSIDIARY, PARAGON BIZHUB SDN BHD (PBSB OR LESSOR) AND PROFIT VELO SDN BHD (PVSB OR LESSEE).

The Board of Directors of PGB (“Board”) wishes to announce that its wholly-owned subsidiary, Paragon Bizhub Sdn Bhd (“PBSB” or “Lessor”) has on 7 June 2023, entered into a Design-Build and Lease Agreement (“Agreement”) with Profit Velo Sdn Bhd (“PVSB” or “Lessee”) to construct and lease a single storey building measuring approximately built-up area of 263.60 square meters together with car parks and such other ancillary structures and landscaping in accordance with the approved building plan and technical specifications (“Demised Premises”), held under HS(D) 15022 PTD 14294 Mukim Jeram Batu, Daerah Pontian, Negeri Johor measuring in area approximately 4,041.6791 square meters (“Land”).

 

This announcement is dated 7 June 2023.




Please refer attachment below.



Announcement Info

Company Name PARAGON GLOBE BERHAD
Stock Name PGLOBE
Date Announced 07 Jun 2023
Category General Announcement for PLC
Reference Number GA1-07062023-00009



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