Paramount Corporation Berhad

Paramount Corporation Berhad is a company listed on the Main Market of Bursa Malaysia Securities Berhad with operations spanning three business segments. Its origin traces back to rice milling, having been incorporated as Malaysia Rice Industries Berhad on 15 April 1969, and it was listed on the Kuala Lumpur Stock Exchange on 15 July 1971. Its core business segment is property development, with projects in Kedah, Penang, Selangor and Kuala Lumpur under the Paramount Property brand, as well as a 49% equity venture in Bangkok. Under the coworking segment, Paramount operates nine Co-labs Coworking spaces throughout Klang Valley and one in Johor, complemented by a design-and-build business, Scalable Malaysia. The third segment covers businesses in the hospitality sector and other investments, including Dewakan, Bidou, and Mercure Kuala Lumpur Glenmarie.

Paramount Corporation Berhad's origin traces back to rice milling, having been incorporated as Malaysia Rice Industries Berhad on 15 April 1969. It was listed on the Kuala Lumpur Stock Exchange two years later on 15 July 1971. The company is now listed on the Main Market of Bursa Malaysia Securities Berhad with operations spanning three business segments. In 2024, Paramount grew its international footprint by acquiring a stake in a Malaysian-listed property company that has development projects in London, Sydney and Melbourne, alongside further expansion in Malaysia. Paramount invested in a peer-to-peer financing platform and subsequently an e-commerce platform in 2022. In 2025, Paramount acquired a 28% strategic stake in Envictus International Holdings Limited.

• Paramount Property

  Core property development brand with projects in Kedah, Penang, Selangor and Kuala Lumpur.

• Co-labs Coworking

  Coworking spaces: nine throughout Klang Valley and one in Johor.

• Scalable Malaysia

  Design-and-build business complementing the coworking segment.

• Dewakan

  A two MICHELIN Stars and one MICHELIN Green Star restaurant.

• Bidou

  A restaurant offering classic French cuisine in Bukit Damansara, Kuala Lumpur, awarded 'Opening of the Year' by MICHELIN and listed in the MICHELIN Selected category.

• Mercure Kuala Lumpur Glenmarie

  A four-star business hotel.

1. 1Paramount Corporation Berhadpcb.my
2. 2Corporate Profile - Building for tomorrowpcb.my
3. 3Corporate Structure | Paramount Corporation Berhadpcb.my
4. 4Paramount Corporation Berhadwikidata.org