Paragon Globe Bhd has proposed a rights issue to raise up to RM56 million to help pay for a property acquistion in Johor and fund the construction of a medical centre in Selangor. The rights issue of up to 746.62 million shares will be issued on the basis four rights shares for every one existing share held on an entitlement date to be announced later, the property developer said in a filing with Bursa Malaysia.
