Paragon buys Johor land for RM35mil


PETALING JAYA: Paragon Globe Bhd (PGB) is acquiring two parcels of freehold land measuring 11.09 acres in Johor Baru from EKL Holdings Sdn Bhd for RM34.96mil.

In a filing with Bursa Malaysia, PGB said the proposed acquisitions represent an opportunity for the company to accumulate strategic land for property development and investment purposes.

“The acquired parcels of land are situated in an emerging prime location with positive industrial development potential.”

Additionally, PGB said the acquisition is coherent with the group’s objective to create greater economic value and further enhance its presence in the property market in Johor.

Paragon Globe , acquisition

   

Next In Business News

Hyundai to invest RM2.16bil in Malaysia through strategic partnership with Inokom
Shopify and Gdex tie up to assist retail businesses in Malaysia
Dollar climbs, stocks retreat after Trump vows tariffs
TP TEC Holding receives approval for LEAP Market listing
China revises PV industry standards
ACE Market-bound Winstar Capital targets RM19.79mil from IPO
Pharmaniaga anticipates further growth for concession segment
Maybank records higher net profit of RM2.54bil in 3Q
E&O expects sales momentum to continue
Matrix Concepts registers new sales of RM341.7mil in 2Q

Others Also Read