Dewakan retained its two MICHELIN Stars and Green MICHELIN Star at the MICHELIN Guide Kuala Lumpur and Penang 2026, the only Malaysian restaurant with this recognition. This achievement underscores that culinary excellence and environment responsibility can go hand in hand.
Located at Naza Tower, Kuala Lumpur, the fine dining restaurant rose to fame in 2019 when it was listed in the Asia’s 50 Best Restaurants and later earned its first MICHELIN Star in the 2023 Guide.
Bidou a 60-seater restaurant at Damansara Heights, Kuala Lumpur, is Paramount FoodPrint’s latest addition. Inspired by the French Grande Cuisine of the 1950s-60s, Bidou brings a contemporary perspective to timeless French culinary traditions, with a refined yet relaxed approach. Bidou is expected to reimagine the iconic dishes of French chef Paul Bocuse and the Troisros family of chefs and restaurateurs for today’s diners.
Bidou was awarded ‘Opening of the Year’ and is listed in the MICHELIN Selected category in the MICHELIN Guide Kuala Lumpur and Penang 2026, a remarkable achievement that underscores its artistry, precision, and modern elegance.
A 229-key 4-star hotel of contemporary design, Mercure Kuala Lumpur Glenmarie combines the strength of the Accor Group’s international network with genuine and local hospitality experiences. It is the first Mercure hotel in Shah Alam and is strategically located at Utropolis Glenmarie, in the heart of Glenmarie Shah Alam. Guests can dine at the Warna restaurant, unwind at the Urban@13 pool bar, organise private events at the rooftop, take a dip in the pool or work out in the fitness centre. Five function rooms and foyer featuring natural daylight, high-speed wifi and state-of-the-art audio-visual equipment can host up to 140 persons for meetings, weddings, and various events.
In 2025, Mercure Kuala Lumpur Glenmarie received a Green Key certification, affirming its commitment to meeting strict sustainability criteria set by the Foundation for Environmental Education.
In July 2025, Paramount, through its wholly owned subsidiary Venice Concepts Sdn. Bhd., acquired a 28% strategic stake in Envictus, a Singapore-listed company operating within Malaysia’s F&B sector. Envictus has an established portfolio of businesses and brands. Through its Food Services Division, Envictus operates Texas Chicken restaurants and San Francisco Coffee outlets in Malaysia. Its Trading and Frozen Food Division includes Pok Brothers, a leading frozen food and premium food wholesaler supplying to several major restaurants and hotels. Meanwhile, its Dairies Division is involved in the sale and distribution of the SuJohan brand of creamer. The acquisition was completed on 5 August 2025.
In May 2024, Paramount, through its wholly owned subsidiary Flexsis Sdn. Bhd., acquired 21.5% equity interest in EWI Capital Berhad (formerly known as Eco World International Berhad), a company also listed on Bursa Malaysia Securities Berhad with projects in the United Kingdom and Australia. Paramount has a 49% equity stake in NCCL, a Bangkok based property development company. In 2024, NCCL completed the development of the 29-storey Na Reva condominium in Bangkok, next to the Chao Phraya.
Paramount sub-leases two tertiary education campuses – one campus in Shah Alam, Selangor and one campus in Batu Kawan, Penang – to University of Wollongong Malaysia Sdn. Bhd. and UOW Malaysia KDU Penang University College Sdn. Bhd. respectively. Meanwhile, Paramount has sold its remaining 30% equity stake in tertiary education to UOWM Sdn. Bhd., subject to local authority’s approval.
Paramount’s digital journey began in 2018 when Magna Intelligent Sdn. Bhd. (Magna Intelligent) was incorporated as its wholly owned subsidiary to invest in the digital space. It first invested in OpenLearning Ltd., an Australian online education platform for tertiary education institutions. OpenLearning was subsequently listed on the Australian Securities Exchange in 2019.
In August 2021, Magna Intelligent made its first fintech investment with a 30% equity interest in Omegaxis Sdn. Bhd., the holding company of Peoplender Sdn. Bhd. that operates Fundaztic, a P2P financing platform registered with the Securities Commission Malaysia. Peoplender also operates in Singapore through its subsidiary, Fundaztic SG Pte. Ltd.
In March 2022, Magna Intelligent invested in Commerce DotAsia Ventures Sdn. Bhd., an all-in-one e-commerce ecosystem that provides integrated technology solutions for brands, businesses and SMEs in Southeast Asia.
Since July 2024, Magna Intelligent started investing in real estate projects overseas through a digital investment platform.