Paragon Globe shareholders approve RM398m Tanjung Kupang land sale
Paragon Globe shareholders have approved the sale of land in Tanjung Kupang for RM398m. The sale is expected to generate a net gain of RM187.43m. This will increase net assets per share to RM0.89 and reduce gearing to 0.68 times.
What it means for buyers, tenants and investorsParagon Globe shareholders can expect an increase in net assets per share and a reduction in the company's gearing following the sale.
What it means for Japanese buyers
Paragon Globe sold land in Tanjung Kupang for RM398m.
This sale affects Paragon Globe shareholders, who can expect increased net assets per share.
Japanese investors should check the impact on their shares with their broker or financial advisor.
Written by AI from the original headline and summary and from published rules. Check figures and conditions with the original report and official sources. This is not investment advice.
Key facts
| Areas | Nationwide |
|---|---|
| Section | Companies |
| Date | |
| Source | The Sun ↗ |
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