Highlights
KLSE: PARAMON (1724)       PARAMOUNT CORP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
1.34   +0.03 (2.29%)  1.30 - 1.34  801,000
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Ann. Date Date Type Old New Registrar Tel. Fax Email View
21-Sep-2015 21-Sep-2015 REGISTRAR LEVEL 17, THE GARDENS NORTH TOWER, MID VALLEY CITY, LINGKARAN SYED PUTRA 59200 KUALA LUMPUR WILAYAH PERSEKUTUAN MALAYSIA UNIT 32-01, LEVEL 32, TOWER A, VERTICAL BUSINESS SUITE, AVENUE 3, BANGSAR SOUTH, NO. 8, JALAN KERINCHI, 59200 KUALA LUMPUR WILAYAH PERSEKUTUAN MALAYSIA TRICOR INVESTOR SERVICES SDN BHD 03 -27839299 03 -27839222 IS.ENQUIRY@MY.TRICORGLOBAL.COM View Detail
26-Aug-2008 02-Sep-2008 REGISTRAR LEVEL 13, UPTOWN 1, NO.1, JALAN SS21/58, DAMANSARA UPTOWN, 47400 PETALING JAYA, SELANGOR DARUL EHSAN, MALAYSIA LEVEL 17, THE GARDENS NORTH TOWER, MID VALLEY CITY, LINGKARAN SYED PUTRA, 59200 KUALA LUMPUR, MALAYSIA PFA REGISTRATION SERVICES SDN BHD 603-22643883 (NEW) 603-22821886 (NEW) IS.ENQUIRY@MY.TRICORGLOBAL.COM (NEW) View Detail
12-Mar-2003 03-Mar-2003 REGISTRAR LEVEL 22, MENARA MILENIUM, JALAN DAMANLELA, PUSAT BANDAR DAMANSARA, DAMANSARA HEIGHTS, 50490 KUALA LUMPUR LEVEL 7 MENARA MILENIUM, JALAN DAMANLELA, PUSAT BANDAR DAMANSARA, DAMANSARA HEIGHTS, 50490 KUALA LUMPUR SECURITIES SERVICES (HOLDINGS) SDN BHD 03-20957077 03-20949940 View Detail
01-Dec-2000 05-Dec-2000 REGISTERED LEVEL 33 MENARA DION, 27 JALAN SULTAN ISMAIL, 50250 KUALA LUMPUR LEVEL 8, UPTOWN 1, 1, JALAN SS21/58, DAMANSARA UPTOWN, 47400 PETALING JAYA, SELANGOR DARUL EHSAN 03-77263000 03-77269559 CTAY@PCB.COM.MY View Detail
18-Oct-1999 18-Oct-1999 REGISTRAR LEVEL 2, BLOCK F NORTH, DAMANSARA TOWN CENTRE, DAMANSARA HEIGHTS, 50490 KUALA LUMPUR LEVEL 22, MENARA MILENIUM, JALAN DAMANLELA, PUSAT BANDAR DAMANSARA, DAMANSARA HEIGHTS, 50490 KUALA LUMPUR SECURITIES SERVICES (HOLDINGS) SDN BHD 03-2557077 03-2549940 / 03-2550292 View Detail
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  4 people like this.
 
Atlan Big angpow coming.
14/01/2020 4:26 PM
14/01/2020 6:11 PM
Atlan Still more rooms to up until announcement. By cny
14/01/2020 6:38 PM
Kenny Yap Smart guys don't wait...
14/01/2020 10:02 PM
14/01/2020 10:19 PM
warrior Stay calm

Be realistic.

The future of Paramount is just so so, after special dividend, it will be just around RM1
15/01/2020 4:49 AM
CharlesT Sales not yet completed oredi give angpao...
15/01/2020 10:26 AM
hng33 sold back all at 1.40
15/01/2020 10:47 AM
Kenny Yap Be reminded that announcement of pen-up by Government & 30 cent dividend are yet to announce. More room to go...
15/01/2020 10:55 AM
Kenny Yap Look at the volume now, big fishes are not yet coming in. Perhaps after the firm news.
15/01/2020 10:57 AM
warrior Long time did not see those sharks.
15/01/2020 11:05 AM
Atlan Those in is forum should b paramount investors. Those coming here to add cold water is pure investor as he try to lure people to sell when it is obviously a time to buy. He buys.
15/01/2020 11:05 AM
hng33 bought back paramount at 1.34-1.35
15/01/2020 12:29 PM
enid888 The sales of the education arm which consists of SriKDU, KDU International School and REAL Schools would generate profit of RM487.81mil. After the completion of the sales, they is still another corporate exercise waiting in the pipeline.

The buildings which house University of Wollongong (UOW) Glenmarie, UOW Batu Kawan, KDU College Penang and KDU College Damansara are still owned by Paramount and they are merely rented out to the respective college operators. The premises are kept under one company and eventually the company will be turn into a REIT company. The exercise will again bring in another huge profit when the premises are revalued.
15/01/2020 3:27 PM
Kenny Yap OPR cut benefits Property sector...
23/01/2020 9:49 AM
warrior Kenny Yap, True,

But just mildly.
24/01/2020 8:04 PM
Ester1 Any news on the progress of the approval from the ministry? 19 Feb not that far now...
28/01/2020 10:28 AM
Kenny Yap We refer to the Company’s announcements dated 20 June 2019, 13 September 2019 and 26 December 2019 in relation to the Proposed Disposal (“Announcements”). Unless otherwise defined, the abbreviations and definitions used in the Announcements shall apply herein.

On behalf of the Board of Directors of Paramount, RHBIB is pleased to announce that the last condition precedent to the SPA, i.e. the approval from the Ministry of Education in respect of the Proposed Disposal has been obtained.

In view of the above, the parties to the SPA have confirmed that the SPA has become unconditional on even date.

This announcement is dated 28 January 2020.
28/01/2020 5:41 PM
warrior Finally!
28/01/2020 9:13 PM
Teo Cher Ming SD coming in q4 announcement? Hmm
29/01/2020 12:11 AM
Ester1 Yes!! Finally its coming!!
29/01/2020 9:42 AM
Ester1 If SD 0.3, will the price jump to 1.5-1.7 area?
29/01/2020 9:48 AM
Hoo SH got final dividend for last Q before the Special dividend...
29/01/2020 10:18 AM
1099 Yes, maybe will around 35 cents per share together with SD.
29/01/2020 11:06 AM
hng33 The proposed disposal includes 69.7% of Paramount Education Sdn Bhd, 80% of Paramount Education (Klang) Sdn Bhd and 80% of Sri KDU Sdn Bhd, for RM134.5 million, RM21 million and RM385 million, respectively.

The proposed disposal is expected to result in a pro-forma gain on disposal of RM487.81 million, which will be utilised for special dividend distribution (RM177 million), acquisition of landbank (RM150 million), repayment of borrowings (RM133.65 million) and working capital (RM57.85 million). Paramount’s total borrowings stand at RM1.09 billion.
29/01/2020 3:16 PM
hng33 The disposal will allow paramount to realize gain EPS = 82sen/share and declare special dividend 30sen/share. The declaration of special dividend will be anytime from now.
29/01/2020 3:19 PM
hng33 add more paramount at 1.33
29/01/2020 4:11 PM
Ester1 Im out of bullet... manage to accumulate a few from 1.2-1.26...
29/01/2020 4:18 PM
hng33 Don miss the LAST chance on Paramount upcoming special dividend 30sen/sen and record EPS gain 82sen on disposal, a massive incremental value on current market price now at RM 1.35.

Now is courting down time to announce special dividend 30sen/share soon.
29/01/2020 5:09 PM
Ester1 The SD price mentioned in the news is 40.8 sen. Huhu need to topup more
30/01/2020 8:53 AM
seenyou Wouldn't the share price fall 40.8 sen after though? For long term investing, is it even worth holding?
30/01/2020 9:12 AM
Ester1 Why bother to ask? Try to fry some bilis is it?

It is normal for price to fall after SD just look at AirAsia for example.

Worth holding or not depend on ur own judgment.
30/01/2020 9:23 AM
hng33 sold back some paramount at 1.42-1.43
30/01/2020 10:07 AM
loico isnt it slightly too early to sell?
30/01/2020 12:05 PM
AllanTingAS Slowly collected at 1.34 - 1.35 profit 10% will be easy to achieve.
30/01/2020 10:29 PM
hng33 Agreed, paramount special dividend + final dividend remain very attractive in current bearish market. Accumulating back before special dividend declare
31/01/2020 11:13 AM
AllanTingAS Add in some quantity. Keep accumulating
31/01/2020 10:38 PM
hng33 add back paramount at 1.33
06/02/2020 11:18 AM
hng33 courting down time for special dividend 30sen/share to be declared
19/02/2020 9:51 AM
value_invest The deal is expected be completed in 1st quarter 2020.
20/02/2020 1:53 PM
gskow We refer to the Company’s announcements dated 20 June 2019, 13 September 2019, 26 December 2019 and 28 January 2020 in relation to the Proposed Disposal (“Announcements”). Unless otherwise defined, the abbreviations and definitions used in the Announcements shall apply herein.



On behalf of the Board of Directors of Paramount, RHB Investment Bank Berhad is pleased to announce that the disposal consideration in respect of the Proposed Disposal has been fully settled on 20 February 2020, marking the completion of the Proposed Disposal on even date.



The final disposal consideration after adjusting for Paramount’s share of notified leakages is as follows:


RM'000
Disposal consideration 540,500
Less: Paramount's share of notified leakages (1,989)
Final disposal consideration 538,511



Paramount was also entitled to a Locked Box Compensation of RM30.69 million pursuant to the SPA. Hence, the additional net amount received by Paramount was RM28.70 million (being the Locked Box Compensation less Paramount’s share of notified leakages), to be utilised by Paramount Group for general working capital purposes such as payments to contractors, suppliers and consultants, sales and marketing expenses, staff cost and rental.



This announcement is dated 20 February 2020.
20/02/2020 6:27 PM
Kenny Yap Fly...
20/02/2020 9:05 PM
hng33 add paramount at 1.34-1.40
21/02/2020 10:29 AM
Kensington According to today's The Star the Co intends to expedite the distribution of RM177mil allocated as special dividend to the shareholders pending the Board's decision on the entitlement basis and date of distribution.
I think it's timely to load up at the current price. Good luck!
21/02/2020 3:12 PM
Hoo SH To : Hng 33: 5 1 8 1 will announce good result ...capital repayment of 40 C
21/02/2020 4:03 PM
hng33 Paramount already now is Portfolio largest stake.
21/02/2020 5:10 PM
AllanTingAS In some shares at 1.35 and waiting for SD announcement.
21/02/2020 10:40 PM
abcb RM177,000,000 divide by number of shares 606,682,566 = 0.29 cents per share
24/02/2020 12:31 PM
Kenny Yap When is the exact Q4 QR date?
25/02/2020 11:13 PM
huat888 Expected within this week
25/02/2020 11:51 PM


 

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