KUALA LUMPUR: Property developer Paragon Adventure Sdn Bhd says it intends to leverage on its experience in construction and property development to diversify the business of Goh Ban Huat Bhd (GBH), following the completion of the takeover offer.
According to its offer document to shareholders, Paragon may also consider injecting construction and property development assets into GBH in the near future.
However, Paragon will continue with GBH's existing businesses following the completion of the offer.
It added that it does not plan on introducing any major changes to the structure of GBH Group, dispose of or redeploy its assets, or undertake any staff redundancy scheme.
On Sept 27, Paragon had bought a 51% stake in the ceramics products company from Tan Sri Robert Tan Hua Choon at RM1.40 a share as well as 51% of the outstanding warrants at 40 sen apiece, triggering a mandatory takeover offer.
Datuk Sri Edwin Tan and Datuk Sri Godwin Tan, who have a combined 100% stake in Paragon, are the ultimate offerers in the exercise.
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