Paramount Corporation Berhad (Paramount) was ranked fourth among Bursa Malaysia listed property developers with market capitalisation of under RM1 billion at the inaugural Malaysia Developer Awards (MDA) 2022 last night (19 October 2022). The Awards was organised by FIABCI Malaysia and Star Media Group as a credible and holistic benchmarking of the industry for property developers and consumers.
Paramount Deputy Group CEO and Executive Director Benjamin Teo Jong Hian accepted the trophy from Secretary General of Ministry of Housing and Local Government Datuk M Noor Azman Taib. On stage to witness the event were Mr Alex Yeow Wai Seow, Group CEO of Star Media Group and FIABCI-Malaysia President Datuk Firdaus Musa. The awards dinner was held at Sunway Resort Hotel.
The MDA consists of two sets of Top-of-the Chart Awards (one tier for listed companies with market capitalisation of RM1 billion and above, and another for below RM1 billion) and three sets of special awards, which are open to non-listed companies. The MDA website states that two tiers based on market capitalisation were created to even the playing field between bigger property developers and smaller ones.
The MDA judging panel included professionals from multiple disciplines in the property industry including Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar, MBSB Bank Bhd chairman Tan Sri Azlan Mohd Zainol, Klang Municipal Council president Noraini Roslan, Institution of Engineers Malaysia past president Emeritus Prof Tan Sri Chuan Hean Teik, heads of property-related institutions and analysts. The awards results were validated by KPMG.
Among Paramount’s cheering team were Paramount Property CEO Chee Siew Pin, Paramount Property Northern CEO Ooi Hun Peng and Paramount Property COO Wang Chong Hwa, and colleagues across the group from project management to customer service, human resource, finance and sales and marketing.