KUALA LUMPUR: Paragon Globe Bhd
's wholly-owned subsidiary Paragon Business Hub Sdn Bhd has proposed to acquire a tract of freehold land in Plentong, Johor Bahru, measuring about 42.29ha for RM71.5mil.
The group said in a filing with Bursa Malaysia it expects to fund the purchase consideration via a cominbation of internally generated funds, bank borrowings and equity fundraising.
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