News about Paramount

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: 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.

Tucked away on the fourth floor of Starling Mall, Damansara Uptown, is a huge sign that says Co-labs.

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 (Aug 21): Paramount Corp Bhd's net profit more than doubled for its second quarter ended June 30, 2018 (2QFY18) to RM42.

Paramount Property Beh Chun Chong  Paramount Property CEO “The improved property market is expected to sustain until the end of the year.

SUBANG (May 30): The zero rating of the goods and services tax (GST) that is to take effect from June 1 is seen as a positive for the property market as it would encourage people to buy properties, said Paramount Corp Bhd.

KUALA LUMPUR (May 24): Paramount Corp Bhd achieved sales of RM227 million in the first quarter ended March 31, 2018 (1QFY18), but reported a slight drop in first-quarter net profit to RM6.

You could say that Paramount Property Development Sdn Bhd is comfortably into its middle age.