Paragon Globe to buy land and hospital project in Sepang from MD

Paragon Globe plans to subscribe to new shares in Builtech Acres Sdn Bhd, a company controlled by its managing director Datuk Sri Edwin Tan, for RM52.9mil cash.

KUALA LUMPUR: Property firm Paragon Globe Bhd has announced a plan to acquire land and a project to build a private hospital in Sepang, Selangor from its managing director Datuk Sri Edwin Tan Pei Seng in a RM52.9mil deal.

This is the group's first venture into healthcare business.