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Paramount declares 40 sen special dividend

KUALA LUMPUR: Paramount Corp Bhd announced a windfall for its shareholders with the declaration of a special dividend of 40 sen per share.

The company said on Wednesday, Dec 8 the dividend would go ex on Dec 21 and the entitlement date would be Dec 23

Paramount, had on Dec 1, completed the sake of its 20% stake in Jerneh Insurance Bhd to ACE INA International Holdings Ltd for RM130.8 million cash.

The company's other core businesses are rental of residential and commercial properties, property development and construction. It has a stake in KDU College Sdn Bhd.
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