Paramount’s KDU stake divestment a good move, say analyst

KUALA LUMPUR (Nov 21): Paramount Corp Bhd’s planned sale of its controlling stake in three KDU education institutions, which may pave the way for the eventual divestment of its entire loss-making tertiary education business, is seen as a “good move” by RHB Research Institute Sdn Bhd analyst Loong Kok Wen.

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Paramount proposes securitisation exercise

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.

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A chance to see the Tan Hua 'bloom' before your very eyes

PETALING JAYA: Remember the blooming of the “Tan Hua” party scene in the Hollywood blockbuster Crazy Rich Asians? The “Tan Hua” in the movie looked real but the flower that blooms only once a year is certainly not something you can get from anywhere, hence the plants in the movie had to be handmade from scratch.

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