KUALA LUMPUR (Jan 25): Paragon Union Bhd's share price pared gains in afternoon trades today after rising 30 sen or 30.93% to hit limit up at its record high of RM1.27 as investors weighed news on the emergence of AKK Capital Sdn Bhd, which is owned by Koon Hoi Chun, as a new controlling shareholder of carpet manufacturer Paragon Union. On Bursa Malaysia, Paragon Union's share price pared gains at RM1.17 at 3.10pm after rising to RM1.27 this morning on news that Koon via AKK is buying a 60.41% stake in Paragon Union from major shareholders in an off-market deal which led to a planned unconditional mandatory takeover offer from the buyer to acquire the remaining shares in Paragon Union at 55 sen each.