TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PARAGON UNION BERHAD ("PUB" OR THE "COMPANY") JOINT VENTURE SHAREHOLDERS' AGREEMENT BETWEEN PARAGON METAL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PUB AND ASAHI SEIREN CO., LTD. ("ASCL") ("JOINT VENTURE")
| PARAGON UNION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PARAGON UNION BERHAD ("PUB" OR THE "COMPANY")
JOINT VENTURE SHAREHOLDERS' AGREEMENT BETWEEN PARAGON METAL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PUB AND ASAHI SEIREN CO., LTD. ("ASCL") ("JOINT VENTURE") |
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We refer to the Company’s earlier announcement dated 1 December 2025.
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 6 January 2026 entered into a Joint Venture Shareholders’ Agreement (“JVA”) with Asahi Seiren Co. Ltd (Registration No.: 122001017599) (“ASCL”) to jointly establish a joint venture company to provide comprehensive consulting services and on-site support in the aspects of technical, operational and profit management in relation to the recycling of aluminum dross and aluminum scraps, in accordance with the terms and conditions set out in the JVA. (“Joint Venture”).
Please refer to the attachment for further details of the Joint Venture.
This announcement is dated 6 January 2026.
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Please refer attachment below.
Announcement Info
| Company Name | PARAGON UNION BERHAD |
| Stock Name | PARAGON |
| Date Announced | 06 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06012026-00046 |