TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION BY PARAGON PLATINUM SDN BHD ("PPSB"), A WHOLLY-OWNED SUBSIDIARY OF PARAGON GLOBE BERHAD ("PGB" OR "THE COMPANY") OF THREE PIECES OF FREEHOLD AGRICULTURE LANDS HELD UNDER (i) GM 950 LOT 282 (ii) GM 439 LOT 283 AND (iii) GM 880 LOT 85 ALL OF MUKIM PLENTONG, DAERAH JOHOR BAHRU, NEGERI JOHOR ("PROPOSED ACQUISITION").
| PARAGON GLOBE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY PARAGON PLATINUM SDN BHD ("PPSB"), A WHOLLY-OWNED SUBSIDIARY OF PARAGON GLOBE BERHAD ("PGB" OR "THE COMPANY") OF THREE PIECES OF FREEHOLD AGRICULTURE LANDS HELD UNDER (i) GM 950 LOT 282 (ii) GM 439 LOT 283 AND (iii) GM 880 LOT 85 ALL OF MUKIM PLENTONG, DAERAH JOHOR BAHRU, NEGERI JOHOR ("PROPOSED ACQUISITION"). |
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Reference is made to the Company’s announcements dated 24 June 2022 in relation to the Proposed Acquisition of Paragon Platinum Sdn. Bhd. to purchase three pieces of freehold agriculture lands held under (i) GM 950 Lot 282 (ii) GM 439 Lot 283 and (iii) GM 880 Lot 85 all of Mukim Plentong, Daerah Johor Bahru, Negeri Johor ("Proposed Acquisition") for a total cash consideration of RM38,079,420.00.
On behalf of the Board of Directors of Paragon Globe Berhad (“Board”), the Board wishes to announce that the Proposed Acquisition had been completed on 10 April 2023 pursuant to the terms of the Sale and Purchase Agreements.
This announcement is dated 10 April 2023. |
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Announcement Info
| Company Name | PARAGON GLOBE BERHAD |
| Stock Name | PGLOBE |
| Date Announced | 10 Apr 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03042023-00073 |