PGLOBAL

0.390

-0.02 (-4.9%)

OTHERS COMPLETION OF PROPOSED ACQUISITION OF FREEHOLD LAND BY PANTECH STEEL INDUSTRIES SDN. BHD. ("PSI" OR THE "PURCHASER")

PANTECH GLOBAL BERHAD

Type Announcement
Subject OTHERS
Description
COMPLETION OF PROPOSED ACQUISITION OF FREEHOLD LAND BY PANTECH STEEL INDUSTRIES SDN. BHD. ("PSI" OR THE "PURCHASER")

Further to our announcement dated 15 August 2025, the Board of Directors of Pantech Global Berhad ("PGB") wishes to announce that the Sale and Purchase Agreement ("SPA") entered into by PSI, a wholly-owned subsidiary of PGB for the acquisition of a parcel of freehold land situated at HS(D) 169727, PT 87823 in the Mukim of Kapar, District of Klang, State of Selangor, measuring approximately 4.84 acres (“Proposed New Land”) from Uptown Promenade Sdn. Bhd. ("Vendor") for a total purchase consideration of RM29.00 million (“Purchase Consideration”) (“Proposed Acquisition”) for the construction of new corporate head office and factory, has been completed on 5 November 2025 as notified by our solicitor.

 

This announcement is dated 5 November 2025. 






Announcement Info

Company Name PANTECH GLOBAL BERHAD
Stock Name PGLOBAL
Date Announced 05 Nov 2025
Category General Announcement for PLC
Reference Number GA1-31102025-00009