Paragon unit to dispose of land in Johor for RM98.98mil

KUALA LUMPUR: Paragon Globe Bhd’s wholly-owned subsidiary, Paragon Business Hub Sdn Bhd (PBHSB), has entered into a conditional sale and purchase agreement with Bridge Data Centres Malaysia VI Sdn Bhd (BDCVI) for the proposed disposal of 7.98 hectare land in Johor Bahru, Johor, for RM98.98 million.

The disposal is expected to be completed by the third quarter of 2025, the company said in a filing with Bursa Malaysia today.