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Dewakan enjoys two Michelin stars and is the only Malaysian restaurant with this recognition. It was also awarded a Green Michelin star at the Michelin Guide Kuala Lumpur and Penang 2025 and is the first and only Malaysian restaurant with this award. This is testimony that fine dining and sustainability can go hand in hand. It is also only Malaysian restaurant on the list of Asia’s 50 Best Restaurants 2022 and 2023. The fine dining restaurant at Naza Tower, Kuala Lumpur, shot to fame in 2019 when it became the first Malaysian restaurant to appear as Asia top 50 restaurants. It became a Michelin-starred restaurant in the 2023 Guide.
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.
Paramount has a 30% strategic stake in a private tertiary education business. It set up Kolej Damansara Utama (KDU College) in 1983 with its own purpose-built campus. It was the first to offer the American Transfer Program, a pioneer in making international education affordable for Malaysians.
In 1991, KDU College’s winning formula was replicated in Penang with the establishment of KDU College Penang. In September 2019, Paramount divested its majority stake in its tertiary education business to the University of Wollongong (UOW), resulting in the birth of UOW Malaysia KDU. In December 2023, it divested another 5%, as scheduled.
Paramount was also a pioneer in private pre-tertiary education for Malaysians. In 2003, Paramount opened Sri KDU primary and secondary schools at Kota Damansara offering the national curriculum, then the Cambridge IGCSE and International Baccalaureate (IB). The Paramount Group acquired R.E.A.L Education Group in 2017 to include R.E.A.L Schools and early childhood education under R.E.A.L Kids and a chain of English & Mandarin language enrichment centres.
In February 2020, Paramount divested its majority stake in the pre-tertiary education business to a strategic partner, XCL Education Malaysia (formerly known as Prestigion Education) and divested the remaining 20% in September 2022.
Paramount’s digital journey began in 2018 when Magna Intelligent Sdn Bhd (Magna Intelligent) was incorporated as a wholly owned subsidiary for the purpose of investments in the digital space. It began with an investment in OpenLearning Ltd, an Australian online education platform for tertiary education institutions that got listed on the Australian Securities Exchange in 2019.
Then in August 2021, Magna Intelligent completed its first fintech investment with a 30% equity interest in Omegaxis Sdn Bhd (Omegaxis), the holding company of Peoplender Sdn Bhd (Peoplender) that operates Fundaztic , a peer-to-peer (P2P) financing platform.
Subsequently in March 2022, Magna Intelligent also invested in Commerce DotAsia Ventures Sdn Bhd (Commerce.Asia), an all-in-one e-commerce ecosystem that provides one stop, end-to-end e-commerce solutions for brands, businesses, and small and medium enterprises (SMEs) in Southeast Asia.
Paramount acquired a 21.54% strategic stake in Eco World International Berhad in May 2024. The acquisition, through its wholly owned subsidiary, Flexsis Sdn Bhd, fits into Paramount’s aim to grow its footprint overseas. Eco World International has development projects in London, Sydney and Melbourne.
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