News about Paramount Corp Bhd

KUALA LUMPUR (Nov 30): Paramount Corp has proposed to dispose of a 4.

The passing of Datuk Teo Chiang Quan, chairman and executive director of Paramount Corp Bhd on May 24, has left Malaysian corporate and property development sector players in a state of shock and despair.

KUALA LUMPUR (Dec 29): Paramount Corp Bhd has established a 20-year unrated Islamic Medium Term Notes (Sukuk Murabahah) Programme of up to RM800 million in nominal value.

The measures introduced in Budget 2019 will certainly help to promote home ownership, said Paramount Corp Bhd CEO Jeffrey Chew.

KUALA LUMPUR (Oct 26): Under a securitisation exercise to streamline group assets and achieve a more efficient capital structure, Paramount Corp Bhd has proposed to dispose of three of its tertiary education campuses to a special purpose vehicle for a combination of cash amounting to RM420 million and new cumulative redeemable non-convertible preference shares in the vehicle.

PETALING JAYA (Aug 24): Property developer Paramount Property Development Sdn Bhd is on track to meet its full year sales target of RM1 billion with its 1H2018 sales already hitting RM598 million, said Paramount Corp Bhd group CEO and director Jeffrey Chew at an analyst and fund manager’s briefing for Paramount Corporation’s 1H2018 financial results today.

PETALING JAYA (Aug 24): The reintroduction of the Sales and Services Tax (SST), slated in September, is unlikely to reduce house prices despite cost savings of at least 1% to 2% for property developers, said Paramount Corp Bhd group CEO and director Jeffrey Chew.

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.

Real estate agents should be consultants, not salesmen, says Reapfield Properties Sdn Bhd real estate negotiator Jonathan Kuek.