Circular/Notice to Shareholders
| PARAGON GLOBE BERHAD |
| Subject | PART A - PROPOSED ACQUISITION BY PARAGON GLOBE PROPERTIES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PARAGON GLOBE BERHAD (PARAGON GLOBE OR THE COMPANY), OF PART OF THE FREEHOLD LAND HELD UNDER GERAN 507162 LOT 149989 (FORMERLY HELD UNDER HS(D) 484311 PTD 175988), PTD 175989, GERAN 507161 LOT 149991(FORMERLY HELD UNDER HS(D) 484312 PTD 175990), ALL IN MUKIM OF PULAI, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR, MEASURING APPROXIMATELY 31.1 ACRES IN AREA KNOWN AS PLOT ED-5A AND PLOT ED-5B FROM ISKANDAR CAPITAL SDN BHD FOR A CASH CONSIDERATION OF RM60,962,220 (PROPOSED ACQUISITION) PART B - THE PROPOSED SUBSCRIPTION OF ORDINARY SHARES IN BUILTECH ACRES SDN BHD (BUILTECH) BY PARAGON GLOBE REPRESENTING APPROXIMATELY 99.06% OF THE ENLARGED ISSUED SHARE CAPITAL OF BUILTECH FOR A CASH CONSIDERATION OF RM52,900,000 (PROPOSED SUBSCRIPTION) PART C - INDEPENDENT ADVICE LETTER FROM TA SECURITIES HOLDINGS BERHAD TO THE NON-INTERESTED SHAREHOLDERS OF PARAGON GLOBE IN RELATION TO THE PROPOSED SUBSCRIPTION |
Please refer attachment below.
Announcement Info
| Company Name | PARAGON GLOBE BERHAD |
| Stock Name | PGLOBE |
| Date Announced | 03 Mar 2020 |
| Category | Document Submission |
| Reference Number | DCS-03032020-00014 |