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Paramount sheds 7.28% on report it is holding back launches

KUALA LUMPUR (Sept 1): Paramount Corporation Bhd dipped as much as 11 sen or 7.28% to RM1.40 in morning trade today, after the developer held back the launch of its new projects amid soft market.

Paramount saw a thin volume of 50,000 shares changed hands, as at 10.49am.

Paramount holds back new launches

KUALA LUMPUR (Sept 1): Paramount Corp Bhd will hold back on launching new projects but will continue to roll out new phases of existing projects, said the group chief executive officer Jeffrey Chew Sun Teong. Chew told the digitaledge DAILY last week that

12 companies submit bids for Bandar Malaysia project

They comprise domestic private developers, government-linked companies and foreign parties, either submitting independently or as a consortium, Danny Yeo, CH Williams Talhar and Wong (WTW) deputy managing director said.