5th Nov 2024 Paragon Union, , bumiputra allocation of 12.5% in ACE market

Paragon Union, RM3.00, PER 24.19, market cap 251.49Mil

Paragon has proposed to buy 51% stake of Metahub industries Sdn Bhd at RM45.10 million with 17.29mil of paragon share. Paragon is a carpet maker for automotive and commercial market and started metal recycling business in 2022, recycled metal trading in 2023.

Metahub has 2 majors business segment namely 1.waster water processing, 2.process recycled metal. They collect electronic scrap from electronic company and process aluminium, copper, tin and nickel by melting the scraps.

I might want to enter when Paragon get to RM2.85, which I suspect what they will do. Come come