OTHERS PARAGON GLOBE BERHAD - DISPOSAL OF SHARES IN WHOLLY-OWNED SUBSIDIARY

Amended Announcements
Please refer to the earlier announcement reference number: GA1-10082018-00065

PARAGON GLOBE BERHAD

Type Announcement
Subject OTHERS
Description
PARAGON GLOBE BERHAD
- DISPOSAL OF SHARES IN WHOLLY-OWNED SUBSIDIARY

Paragon Globe Berhad (formerly known as Goh Ban Huat Berhad) (“PGB” or the “Company” or the “Seller”) wishes to announce that the Company has on 10 August 2018, entered into a Share Purchase Agreement (“SPA”) with JKG Land Berhad (Company No. 154232-K) ("JKG") (“Purchaser”) for the disposal of 2 ordinary shares (“Sale Shares”) in Modern Plus Sdn. Bhd. (formerly known as GBH Land Sdn. Bhd.) (Company No. 687782-V) (“MPSB”), representing 100% of the issued and paid-up share capital of MPSB, for a total cash consideration of RM2.00 (“Proposed Disposal”) instead of PGB's wholly-owned subsidiary, Modern Plus Sdn Bhd  (“MPSB”)  entered into a Share Sale Purchase Agreement with JKG Land Berhad ("JKG") for disposal of 2 ordinary shares, representing 100% of the issued and paid-up share capital, for a total consideration of RM2.00 (“Proposed Disposal”).

All other information on the Proposed Disposal and stated in the file attached remained unchanged.

This announcement is dated 10 August 2018.

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Please refer attachment below.



Announcement Info

Company Name PARAGON GLOBE BERHAD
Stock Name PGLOBE
Date Announced 10 Aug 2018
Category General Announcement for PLC
Reference Number GA1-10082018-00072