TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITION OF FOUR CONTIGUOUS PARCELS OF FREEHOLD LAND MEASURING IN TOTAL AREA OF APPROXIMATELY 295.55 ACRES SITUATED AT BANDAR LUNAS, MUKIM KULIM, DAERAH KULIM, NEGERI KEDAH DARUL AMAN AT A TOTAL CASH CONSIDERATION OF RM128,743,460.00
| PARAMOUNT CORPORATION BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION OF FOUR CONTIGUOUS PARCELS OF FREEHOLD LAND MEASURING IN TOTAL AREA OF APPROXIMATELY 295.55 ACRES SITUATED AT BANDAR LUNAS, MUKIM KULIM, DAERAH KULIM, NEGERI KEDAH DARUL AMAN AT A TOTAL CASH CONSIDERATION OF RM128,743,460.00 |
|
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement reference no. GA1-07082025-00034 dated 8 August 2025 in relation to the Proposed Acquisition.
Reference is made to the Company’s announcement dated 8 August 2025 in respect of the Proposed Acquisition.
The Board of Paramount is pleased to announce that the Final Balance Payment of RM90,120,422.00 in relation to the Proposed Acquisition has been settled on 26 February 2026, marking the completion of the Proposed Acquisition on even date.
This announcement is dated 26 February 2026.
|
|
Announcement Info
| Company Name | PARAMOUNT CORPORATION BERHAD |
| Stock Name | PARAMON |
| Date Announced | 26 Feb 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08082025-00054 |