Paramount acquires land in Penang for RM57.8m, plans RM744m project
Located in the city centre of Bandar Cassia, the 18.
Located in the city centre of Bandar Cassia, the 18.
Paramount is acquiring the 28% stake in Envictus for S$38.
The proposed deal involves Paramount’s wholly owned Venice Concepts Sdn Bhd acquiring 85.
“Homebuyers stand to earn up to 40,000 Asia Miles with a single purchase, which can be redeemed for flights on Cathay Pacific, HK Express and over 20 partner airlines.
Paramount bought the stake in EWI for RM170.
Revenue for the quarter rose 26.
Paramount said the suit is unlikely to impact its finances, as the SPA signed in December 2024 allows TBSB to cancel the deal and claim a refund if legal issues block the transaction.
According to its bourse filing, the contract is set for a duration of 37 months, with construction work scheduled to commence on April 29, 2025 and slated for completion by May 28, 2028.
“There’s a lot of effort going into monetising the three campuses, the hotel and the office.
“But we are now re-studying whether we could do a whole redevelopment.