Paramount Corporation Berhad (Paramount), listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia), is an investment holding company with property development as its core business.
Paramount, however, started as a rice miller. It was incorporated as Malaysia Rice Industries Berhad, on 15 April 1969. Two years later, on 15 July 1971, the Company listed on the Kuala Lumpur Stock Exchange.
In 1978, the Company ventured into property development having acquired real estate company Perumahan Berjaya Sdn Bhd (now known as Paramount Property Holdings Sdn Bhd). It assumed its present name in 1980 to reflect its new business. Paramount is one of the most trusted developers in the country today with projects in Kedah, Penang, Selangor and Kuala Lumpur, and a joint-venture project in Bangkok. It has won awards for its property projects, corporate governance and shareholder returns. More details about Paramount Property and its ongoing development projects.
Paramount was also a pioneer in private education in Malaysia, having founded Kolej KDU and Sri KDU in 1983 and 2003 respectively. It was also the largest full spectrum education services provider in Malaysia after acquiring REAL Education in 2017. Paramount has completely divested its stakes in the private school business but maintains a 35% stake in the tertiary education business, of which it divested its majority stake in 2019.
Paramount also offers a network of coworking spaces under Co-labs Coworking. Aside from this, it also owns and operates Dewakan, which is the only Malaysian restaurant on Asia’s 50 Best Restaurants lists in2019, 2021 and 2022. It just started a customised workspace solutions business under the brand of Scalable.
In the hospitality sector, Paramount owns Mercure Kuala Lumpur Glenmarie, a 4-star business hotel located at Utropolis Glenmarie, Shah Alam, one of Paramount’s integrated developments.
Paramount has also invested in digital enterprises including P2P financing platform Fundaztic, an all-in-one e-commerce ecosystem provider Commerce.Asia and ASX-listed social online learning and MOOC platform, Open Learning.
Through our journey of more than half a century, Paramount’s vision of ‘Changing lives and enriching communities for a better world’ has guided all our businesses as we play our part in nation building. Our vision is further reinforced by our core values of Trust, Respect, Integrity, Bravery and Energy (T.R.I.B.E).
For more on its history, please click this link: Corporate History