OTHERS JOINT VENTURE AGREEMENT BETWEEN PARAMOUNT CORPORATION BERHAD, LASSETERS PROPERTIES SDN BHD AND LASSETERS MANAGEMENT (M) SDN BHD IN RELATION TO THE JOINT EQUITY PARTICIPATION IN SUPER ACE RESOURCES SDN BHD
PARAMOUNT CORPORATION BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | JOINT VENTURE AGREEMENT BETWEEN PARAMOUNT CORPORATION BERHAD, LASSETERS PROPERTIES SDN BHD AND LASSETERS MANAGEMENT (M) SDN BHD IN RELATION TO THE JOINT EQUITY PARTICIPATION IN SUPER ACE RESOURCES SDN BHD |
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement reference no. GA1-27102021-00095 dated 1 November 2021.
The Board of Directors of Paramount is pleased to announce that the total cash consideration of RM4,854,180.00 in relation to the acquisition of the remaining 29% collective shareholdings of LPSB and LMSB in SAR, represented by 550,000 ordinary shares and 6,941,000 redeemable non-cumulative non-convertible preference shares has been settled on even date, marking the completion of the SSPA and termination of all joint-venture agreements entered into between Paramount, LPSB and LMSB.
This announcement is dated 17 December 2021. |
Announcement Info
Company Name | PARAMOUNT CORPORATION BERHAD |
Stock Name | PARAMON |
Date Announced | 17 Dec 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-13122021-00010 |