Paragon Globe's unit inks deal to purchase land in Johor for RM38.079mil

KUALA LUMPUR: Paragon Globe Bhd’s (PGB) wholly-owned subsidiary, Paragon Platinum Sdn Bhd (PPSB) has signed three sales and purchase agreements (SPAs) to acquire three parcels of freehold agriculture land in Johor for RM38.079 million.

In a filing with Bursa Malaysia today, the property developer said the proposed acquisition would create greater economic value and increase the earnings potential of the company over the medium to long term as the three parcels of land in Johor Bahru, measuring 10.86 hectares, have promising development potential.