TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED DISPOSAL OF A PARCEL OF FREEHOLD LAND HELD UNDER LOT 122949, GERAN 334553, PEKAN HICOM, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 4.701 HECTARES (506,011 SQUARE FEET) IN TOTAL AREA BY PARAMOUNT PROPERTY (SEKITAR 26 ENTERPRISE) SDN BHD TO GOODHART MANAGEMENT SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM90,000,000.00
| PARAMOUNT CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED DISPOSAL OF A PARCEL OF FREEHOLD LAND HELD UNDER LOT 122949, GERAN 334553, PEKAN HICOM, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 4.701 HECTARES (506,011 SQUARE FEET) IN TOTAL AREA BY PARAMOUNT PROPERTY (SEKITAR 26 ENTERPRISE) SDN BHD TO GOODHART MANAGEMENT SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM90,000,000.00 |
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The Board of Directors (Board) of Paramount Corporation Berhad (Paramount) wishes to announce that Paramount Property (Sekitar 26 Enterprise) Sdn Bhd (PPS26), a wholly-owned subsidiary of Paramount, has on 29 November 2021, entered into a sale and purchase agreement with Goodhart Management Sdn Bhd (Registration No. 201501030955 (1156279-K) (GMSB) for the proposed disposal of a parcel of freehold land measuring approximately 4.701 hectares (506,011 square feet) in total area and located at the Sekitar26 development in Pekan Hicom, Daerah Petaling, Negeri Selangor to GMSB for a total cash consideration of RM90,000,000.00.
Please refer to the attachment for further details.
This announcement is dated 29 November 2021.
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Please refer attachment below.
Announcement Info
| Company Name | PARAMOUNT CORPORATION BERHAD |
| Stock Name | PARAMON |
| Date Announced | 29 Nov 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28112021-00005 |