TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PARAGON GLOBE BERHAD ("PGB") DISPOSAL BY PARAGON BUSINESS HUB SDN. BHD. ("PBHSB"), A WHOLLY-OWNED SUBSIDIARY OF PGB, OF PART OF A PARCEL OF FREEHOLD LAND HELD UNDER GERAN 80943 LOT 2699, IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("MASTER LAND A"), MEASURING APPROXIMATELY 19.759 ACRES ("LAND E") TO BRIDGE DATA CENTRES MALAYSIA VI SDN. BHD. ("BDCVI") FOR A CASH CONSIDERATION OF RM98,980,734.60 ("LAND E DISPOSAL")
| PARAGON GLOBE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PARAGON GLOBE BERHAD ("PGB")
DISPOSAL BY PARAGON BUSINESS HUB SDN. BHD. ("PBHSB"), A WHOLLY-OWNED SUBSIDIARY OF PGB, OF PART OF A PARCEL OF FREEHOLD LAND HELD UNDER GERAN 80943 LOT 2699, IN THE MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("MASTER LAND A"), MEASURING APPROXIMATELY 19.759 ACRES ("LAND E") TO BRIDGE DATA CENTRES MALAYSIA VI SDN. BHD. ("BDCVI") FOR A CASH CONSIDERATION OF RM98,980,734.60 ("LAND E DISPOSAL") |
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We refer to the earlier announcements on 2 August 2024, 11 December 2024, 27 December 2024, 16 May 2025 and 20 January 2026 (“Announcements”) as well as the Company’s circular dated 12 December 2024 (“Circular”) in relation to the Land E Disposal. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Announcements and the Circular.
On 2 August 2024, TA Securities, on behalf of the Board, announced that PBHSB, had on even date entered into a conditional sale and purchase agreement (“Land E SPA”) with BDCVI for the Land E Disposal.
On 27 December 2024, the Board announced that PBHSB, had obtained the approval of the PGB’s shareholders for the Land E Disposal.
On 16 May 2025, TA Securities, on behalf of the Board, announced that PBHSB, had on even date entered into a supplemental letter with BDCVI to amend the mutually agreed provisions relating to the Land E Conditions Precedent.
On 20 January 2026, TA Securities, on behalf of the Board, announced that the Land E Disposal has been completed pursuant to the terms of the Land E SPA.
The Board wishes to announce that it has resolved to approve variations in the utilisation of proceeds raised from the Land E Disposal (“Land E Variations”) in accordance with the Listing Requirements of the Bursa Securities.
Please refer to the attachment for further details on the Land E Variations.
This announcement is dated 26 February 2026. |
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Please refer attachment below.
Announcement Info
| Company Name | PARAGON GLOBE BERHAD |
| Stock Name | PGLOBE |
| Date Announced | 26 Feb 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25022026-00077 |