TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF A PIECE OF FREEHOLD RESIDENTIAL LAND MEASURING APPROXIMATELY 13.25 HECTARES (EQUIVALENT TO 32.74 ACRES) IN TOTAL AREA HELD UNDER GERAN 334692, LOT 115101 SITUATED IN MUKIM DENGKIL, DAERAH SEPANG, NEGERI SELANGOR BY UTROPOLIS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PARAMOUNT CORPORATION BERHAD, AT A TOTAL CASH CONSIDERATION OF RM102,687,696.00
| PARAMOUNT CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION OF A PIECE OF FREEHOLD RESIDENTIAL LAND MEASURING APPROXIMATELY 13.25 HECTARES (EQUIVALENT TO 32.74 ACRES) IN TOTAL AREA HELD UNDER GERAN 334692, LOT 115101 SITUATED IN MUKIM DENGKIL, DAERAH SEPANG, NEGERI SELANGOR BY UTROPOLIS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF PARAMOUNT CORPORATION BERHAD, AT A TOTAL CASH CONSIDERATION OF RM102,687,696.00 |
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Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement reference no. GA1-01092021-00088 dated 1 September 2021 in relation to the Proposed Acquisition. Reference is made to the Company’s announcement dated 1 September 2021 in respect of the Proposed Acquisition. The Board of Paramount wishes to announce that both parties to the SPA have agreed to extend the Extended Conditional Period for one month with an automatic extension of another one month thereafter, up to 6 August 2022. This announcement is dated 9 June 2022.
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Announcement Info
| Company Name | PARAMOUNT CORPORATION BERHAD |
| Stock Name | PARAMON |
| Date Announced | 09 Jun 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08062022-00038 |