Paramount gives RM500k to The Edge COVID-19 fund; Chairman gives another RM250k
Paramount Corporation Berhad (Paramount) has pledged RM500,000 to The Edge COVID-19 Health Care Workers Support Fund in aid of our health care workers who are serving tirelessly in hospitals day and night. Paramount Chairman Dato’ Teo and his family are donating another RM250,000. Dato’ Teo said, “My colleagues, family members and I have a huge […]
Paramount mulls venture into property management, proptech segment amidst margin erosion
KUALA LUMPUR (March 3): Paramount Corporation Bhd is mulling to establish footprint in the property management and property technology (proptech) segment with the proceeds from the divestment of its education operations. The sale of its controlling equity interest in its pre-tertiary education business to Prestigion Education Sdn Bhd is expected to yield net cash of […]
Paramount to launch projects worth RM1.2b in 2020, targets RM1b sales
KUALA LUMPUR (March 3): Paramount Corporation Bhd is planning to launch some RM1.2 billion worth of property projects in 2020 while maintaining its sales target at RM1 billion. Speaking at a media briefing today, Paramount Corporation CEO Jeffrey Chew said that this year’s sales is expected to be driven by demand from the formation of […]
Paramount Property eyeing opportunities in Bangkok, Manila and Ho Chi Minh city to expand overseas presence
KUALA LUMPUR (March 3): Paramount Corporation Bhd is looking at expanding its property development business segment in overseas cities where population is high but less urbanised, such as Bangkok in Thailand, Manila in The Philippines and Ho Chi Minh city in Vietnam. Citing Thailand as an example, Paramount Corporation CEO Jeffrey Chew said that the […]
Paramount Corp’s net profit rises to RM104.1m in FY19
PARAMOUNT Corp Bhd’s net profit rose to RM104.05 million in the financial year ended Dec 31, 2019 (FY19), from RM91.81 million previously. In an exchange filing yesterday, the education cum property company said the higher earnings were mainly due to the gain of RM25.4 million recognised for the disposal of its stakes in UOW Malaysia […]
Paramount ventures overseas, buys 49pc stake in Thai developer
KUALA LUMPUR (Feb 7): Paramount Corp Bhd has moved into Thai property development with the acquisition of a 49 per cent equity in a Bangkok-based company. Group chief executive officer (CEO) Jeffrey Chew said Paramount had on January 22 signed a share purchase agreement with Navarang Asset Co Ltd to buy the stake in Navarang […]
Key property developers ready to take on the 2020s
Hello 2020! A new decade has just begun. From social media to Big Data, the previous decade saw the advent of new technologies changing the dynamics of every industry including the property industry. Besides digital disruptions, a myriad of other issues have remained on the lips of many. Take the issue of housing affordability for […]
Paramount gets MOE’s nod for education divestment, on the lookout for land
PETALING JAYA (Jan 29): Paramount Corp Bhd will place greater focus on property development following the divestment of its education business, said Paramount Group CEO Jeffrey Chew (pictured) in a statement today, announcing the Ministry of Education’s (MOE) approval for the sale of its controlling equity interest in its pre-tertiary education business to Prestigion Education […]
Diskaun hebat menanti warga Sungai Petani
PEMBELI rumah yang mendapatkan unit kediaman ditawarkan oleh Paramount Property (Utara) Sdn Bhd (Paramount) pada tahun ini layak untuk mendapatkan diskaun sebanyak 10 peratus dan banyak lagi!
