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
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
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
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
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 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
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 […]
Passing of Beloved Chairman
It is with profound sadness that Paramount Corporation Berhad (Paramount) announces that Dato’ Teo Chiang Quan, Chairman and Executive Director, passed away on the evening of 24 May 2021 due to complications from an unexpected illness. He was 72. Over and above being an astute businessman and property developer, Dato’ Teo may best be described […]
Paramount Investing Into P2P Financing Platform
PETALING JAYA, 15 April 2021: Paramount Corporation Berhad (Paramount) today announced that its wholly owned subsidiary Magna Intelligent Sdn Bhd (MISB) is investing in a peer-to-peer (P2P) financing platform as its entry point into the fintech sector. MISB signed a conditional share subscription agreement with P2P Venture Sdn Bhd (P2P Venture) and Omegaxis Sdn Bhd (Omegaxis) […]
