TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PARAGON UNION BERHAD ("PUB" OR THE "COMPANY") PROPOSED DISPOSAL BY PUB OF 100% EQUITY INTEREST IN PARAGON CAR CARPETS & COMPONENTS SDN BHD FOR AN INDICATIVE DISPOSAL CONSIDERATION OF RM13.42 MILLION TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED DISPOSAL")
| PARAGON UNION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PARAGON UNION BERHAD ("PUB" OR THE "COMPANY")
PROPOSED DISPOSAL BY PUB OF 100% EQUITY INTEREST IN PARAGON CAR CARPETS & COMPONENTS SDN BHD FOR AN INDICATIVE DISPOSAL CONSIDERATION OF RM13.42 MILLION TO BE SATISFIED ENTIRELY VIA CASH ("PROPOSED DISPOSAL") |
|
On behalf of the Board of Directors of PUB ("Board"), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") wishes to announce that PUB had on 10 September 2025 entered into a conditional share sale agreement ("SSA") with Oceancash Pacific Berhad ("OPB" or the "Purchaser") for the proposed disposal of 22,750,000 shares ("Sale Shares") in Paragon Car Carpets & Components Sdn Bhd ("PCCCSB"), representing 100% equity interest in PCCCSB for an indicative disposal consideration of RM13.42 million ("Indicative Disposal Consideration") to be adjusted in accordance with the terms of the SSA, and to be satisfied entirely via cash ("Proposed Disposal"). Further details of the Proposed Disposal are set out in the attachment enclosed.
This announcement is dated 10 September 2025. |
|
Please refer attachment below.
Announcement Info
| Company Name | PARAGON UNION BERHAD |
| Stock Name | PARAGON |
| Date Announced | 10 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10092025-00033 |