MEMORANDUM OF UNDERSTANDING PARAGON UNION BERHAD ("PARAGON UNION" OR THE "COMPANY") MEMORANDUM OF UNDERSTANDING BETWEEN PARAGON METAL SDN BHD AND ASAHI SEIREN CO., LTD.
| PARAGON UNION BERHAD |
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | PARAGON UNION BERHAD ("PARAGON UNION" OR THE "COMPANY")
MEMORANDUM OF UNDERSTANDING BETWEEN PARAGON METAL SDN BHD AND ASAHI SEIREN CO., LTD. |
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The Board of Directors ("Board") of the Company wishes to announce that Paragon Metal Sdn. Bhd. [Registration No. 202101017573 (1417873-H)] ("PMSB"), a wholly-owned subsidiary of the Company, has on 28 November 2025 entered into a Memorandum of Understanding ("MOU") with Asahi Seiren Co., Ltd (Registration No.: 122001017599) ("ASCL"). PMSB and ASCL are collectively referred to as the "Parties" and individually as a "Party".
The Parties are desirous to enter into an incorporated joint venture to provide comprehensive consulting services and on-site support regarding the technical, operational, and profit management aspects of recycling aluminium dross and aluminium scraps in Malaysia, upon the terms and conditions contained in the MOU.
Further details of the MOU are set out in the attachment below.
This Announcement is dated 1 December 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | PARAGON UNION BERHAD |
| Stock Name | PARAGON |
| Date Announced | 01 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01122025-00055 |