TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITIONS BY PGB LANDMARK SDN BHD ("PLSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF PARAGON GLOBE BERHAD ("PGB"), OF 7 PLOTS OF FREEHOLD LANDS LOCATED IN THE MUKIM OF TANJUNG KUPANG AND 1 PLOT OF FREEHOLD LAND LOCATED IN THE MUKIM OF PULAI, ALL IN THE DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("LANDS") MEASURING IN AGGREGATE AN APPROXIMATE AREA OF 46.904 HECTARES FOR A TOTAL PURCHASE CONSIDERATION OF RM146,071,898.47 TO BE FULLY SATISFIED IN CASH ("PROPOSED ACQUISITIONS")
| PARAGON GLOBE BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITIONS BY PGB LANDMARK SDN BHD ("PLSB" OR "PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF PARAGON GLOBE BERHAD ("PGB"), OF 7 PLOTS OF FREEHOLD LANDS LOCATED IN THE MUKIM OF TANJUNG KUPANG AND 1 PLOT OF FREEHOLD LAND LOCATED IN THE MUKIM OF PULAI, ALL IN THE DISTRICT OF JOHOR BAHRU, STATE OF JOHOR ("LANDS") MEASURING IN AGGREGATE AN APPROXIMATE AREA OF 46.904 HECTARES FOR A TOTAL PURCHASE CONSIDERATION OF RM146,071,898.47 TO BE FULLY SATISFIED IN CASH ("PROPOSED ACQUISITIONS") |
|
We refer to the announcements dated 17th November 2023, 26th February 2024, 11th March 2024, 3rd May 2024, 13th June 2024, 19th July 2024, 9th September 2024 and 19th May 2025 ("Announcements"). Unless otherwise stated, all abbreviations used in this announcement shall have the same meaning as defined in the Announcements.
The Board wishes to announce that the acquisitions of Land 5 and Land 6 has been completed pursuant to the terms of the SPA for both Lands.
This Announcement is dated 4 September 2025. |
|
Announcement Info
| Company Name | PARAGON GLOBE BERHAD |
| Stock Name | PGLOBE |
| Date Announced | 04 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19052025-00065 |