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 |
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The Board of Directors of Paramount Corporation Berhad (the Company) wishes to announce that Paramount Property (Seaview) Sdn Bhd (Registration No. 201801035526 (1297553-A)), a wholly owned subsidiary of the Company, has, on this 8 August 2025, entered into a Sale & Purchase Agreement (SPA) with Golden Bluechip Sdn Bhd (Registration No. 201401013689 (1089773-M)) (GBSB) for the proposed acquisition of four (4) 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 from GBSB at a total cash consideration of RM128,743,460.00 and upon such terms and conditions as contained in the SPA.
Please refer to the attachment for further details.
This announcement is dated 8 August 2025.
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Please refer attachment below.
Announcement Info
| Company Name | PARAMOUNT CORPORATION BERHAD |
| Stock Name | PARAMON |
| Date Announced | 08 Aug 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07082025-00034 |