News

Paramount May Hold Up to 30% Stake in Consortium Bidding for Digital Banking Licence
Paramount May Hold Up to 30% Stake in Consortium Bidding for Digital Banking Licence

KUALA LUMPUR (Sept 6): Paramount Corp Bhd intends to hold up to a 30% stake in the consortium that is bidding for one of five digital banking licences which Bank Negara Malaysia (BNM) will be granting next year.  Speaking at the virtual briefing, Paramount group chief executive officer (CEO) Jeffrey Chew noted that each member […]

Paramount Corp Expects Better Sales in 2H21 as Lockdown Eases
Paramount Corp Expects Better Sales in 2H21 as Lockdown Eases

KUALA LUMPUR: Property developer, Paramount Corporation Bhd, expects to achieve better sales performance in the second half of this year (2H2021) compared with 1H2021 as lockdowns to curb the COVID-19 pandemic eases and the vaccination rate rises. Group chief executive officer Jeffrey Chew Sun Teong said the group has more ongoing property development projects in […]

Paramount Buys Cyberjaya Land for RM102.7 million to Grow Sejati ‘series’, Leveraging on Strong Brand
Paramount Buys Cyberjaya Land for RM102.7 million to Grow Sejati ‘series’, Leveraging on Strong Brand

PETALING JAYA, 1 September 2021: Paramount Corporation Berhad (Paramount) is acquiring 32.7 acres (13.3 ha) of freehold land with a lake view in Cyberjaya to grow its series of award-winning and highly popular Sejati branded homes. Utropolis Sdn Bhd, a wholly owned subsidiary of Paramount, has entered into a sale and purchase agreement with Makmur Asiamaju […]

Paramount Posts Profits for 2Q2021 Against Losses Last Year, Doubles Revenue
Paramount Posts Profits for 2Q2021 Against Losses Last Year, Doubles Revenue

PETALING JAYA, 27 August 2021: Paramount Corporation Berhad (Paramount) recorded a profit before tax (PBT) of RM10.2 million for 2Q2021 and a profit attributable to ordinary equity holders of RM1.6 million on the back of the Group’s revenue doubling to RM127.4 million (2Q2020: RM64.2 million). This was a marked improvement from a loss before tax (LBT) […]

Paramount Appoints a New Chairman and a Deputy Group CEO
Paramount Appoints a New Chairman and a Deputy Group CEO

PETALING JAYA, 27 August 2021: Paramount Corporation Berhad (Paramount) announced its appointment of Quah Chek Tin as an Independent Non-Executive Director today and as Chairman of the Board with effect from 1 September 2021. Quah’s appointment will fill the void left by Paramount’s late Chairman and Executive Director, Dato’ Teo Chiang Quan who passed away unexpectedly […]

Paramount Receives Two Corporate Governance Excellence Awards, Ranks 13th in MSWG 2020 Scorecard
Paramount Receives Two Corporate Governance Excellence Awards, Ranks 13th in MSWG 2020 Scorecard

PETALING JAYA, 18 August 2021: Paramount Corporation Berhad (Paramount) has been accorded top awards in two categories by the Minority Shareholders Watch Group (MSWG) in the MSWG-ASEAN Corporate Governance (CG) Scorecard Award 2020. The categories are: Excellence Award for CG Disclosure – Market Cap above RM300 million to below RM1 billion Industry Excellence Award – Property In addition […]

Paramount Corp and Star Media Group Apply for Digital Banking Licence
Paramount Corp and Star Media Group Apply for Digital Banking Licence

KUALA LUMPUR: Paramount Corp Bhd and Star Media Group Bhd (SMG) have jointly applied for a digital banking licence from Bank Negara as part of a five-member consortium with the aim of accelerating their digital growth strategies. “Paramount had earlier mentioned that it was looking at the feasibility of applying for a digital bank licence. We […]

Paramount Property Selling New Office Buildings in Petaling Jaya for About RM318mil
Paramount Property Selling New Office Buildings in Petaling Jaya for About RM318mil

Paramount Property is selling two office buildings in Section 13, Petaling Jaya, Selangor via an en bloc sale for about RM318 million, according to industry sources. The office buildings are part of Atwater, the developer’s RM800 million integrated development located in Section 13. Both the buildings are currently under construction. They were launched in January […]

Special Report: Paramount: From Brick and Mortar to Digital Disruptor
Special Report: Paramount: From Brick and Mortar to Digital Disruptor

OVER the past half a century, Paramount Corp Bhd made big strides. It started from its brick-and-mortar roots as a humble rice miller to become a listed property player with investments in education. Now, it has become a disruptor as it ventures into the fintech space. The group recently announced its move to acquire a […]