What Paramount Corporation Berhad does

Paramount Corporation Berhad is a Malaysian publicly-listed investment holding company, incorporated on 15 April 1969 as Malaysia Rice Industries Berhad and listed on Bursa Malaysia Securities Berhad since 15 July 1971. Restructured into property development in 1978 and renamed Paramount Corporation Berhad in 1980, it now operates three core segments: Paramount Property (residential, commercial, industrial and mixed-use developments in Kedah, Penang, Selangor and Kuala Lumpur, plus a 49% Bangkok JV via NCCL and international exposure through a 21.5% EWI Capital stake in UK/Australia projects), Co-labs Coworking (10 locations and approximately 199,000 sq.ft. across Klang Valley and Johor with a companion design-and-build business, Scalable Malaysia), and Investments and Hospitality (MICHELIN-starred restaurants Dewakan and Bidou, the 229-key Mercure Kuala Lumpur Glenmarie hotel, and minority stakes in Envictus International, Fundaztic, Commerce DotAsia Ventures and OpenLearning).

Revenue is generated through three principal mechanics: one-off sales of developed residential, commercial, and industrial properties across Malaysia and Thailand (FY2025 property sales above RM1.0 billion), recurring subscription revenue from Co-labs Coworking memberships and enterprise managed office solutions (71% occupancy as of end-2025), and recurring transaction-based revenue from hospitality alongside returns from a diversified investment portfolio in fintech, e-commerce and F&B. The company exited the education sector between 2019 and 2022 via divestitures of its KDU pre-tertiary and tertiary education businesses, and in 2025 pivoted into quick-service F&B through a 28% strategic stake in Envictus International Holdings Limited.

Paramount operates with a capital-markets-ready governance structure (FTSE Russell 3-star ESG rating, Gold Impact Assessment from MARC Ratings, RM1.0 billion Sukuk Wakalah Programme) and is led by Group CEO Jeffrey Chew (former OCBC Bank Malaysia CEO), Deputy Chairman Benjamin Teo (founder of Co-labs Coworking and Scalable Malaysia) and Chairman Quah Chek Tin (former Genting Malaysia executive director). It owns nine wholly-owned property subsidiaries, the coworking and design-and-build arms, hospitality operating entities including Dewakan and Bidou, and minority positions across fintech, e-commerce and international property, with FY2025 revenue of RM946.9 million and PBT of RM157 million.

Name

Paramount Corporation Berhad

Legal name

Paramount Corporation Berhad

Website

https://www.pcb.my/

Company type

Public

Founded year

1969

Operating status

Operating

Short description

Paramount Corporation Berhad is a Malaysian publicly-listed conglomerate (founded 1969, Bursa Malaysia since 1971) operating three segments: Property Development across Malaysia and Thailand, Co-labs Coworking (10 locations in Klang Valley and Johor), and Hospitality and Investments (Dewakan and Bidou restaurants, Mercure KL Glenmarie hotel, and minority stakes in F&B, fintech, and international property).

Ownership category

akta.pro rank

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Property Development: Core business segment generating revenue from residential, commercial, and industrial property development projects in Malaysia (Kedah, Penang, Selangor, Kuala Lumpur) and international markets (Thailand, UK, Australia). Revenue from property sales and development.
2. Coworking Spaces: Co-labs Coworking operates 10 spaces across Klang Valley and Johor with approximately 199,000 sq. ft. Revenue comes from flexible workspace memberships, enterprise managed solutions, and complementary Scalable Malaysia design-and-build services.
3. Hospitality and Food & Beverage: Fine dining restaurant Dewakan (two MICHELIN Stars), French restaurant Bidou, and Mercure Kuala Lumpur Glenmarie hotel generate hospitality revenue. 28% stake in Envictus International Holdings adds F&B operations including Texas Chicken and San Francisco Coffee.
4. Investments and Digital Platforms: Returns from strategic investments including P2P financing platform Fundaztic, e-commerce ecosystem Commerce DotAsia Ventures, and equity stakes in property companies (Eco World International). Also includes education sub-lease arrangements with University of Wollongong Malaysia.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Paramount Corporation Berhad is a Malaysian investment holding company that develops residential, commercial, industrial and mixed-use property projects under the Paramount Property brand across Malaysia and Bangkok, operates a network of flexible coworking spaces under Co-labs Coworking across Klang Valley and Johor, and runs hospitality businesses including MICHELIN-starred Dewakan restaurant, Bidou French restaurant, and Mercure Kuala Lumpur Glenmarie hotel, complemented by strategic investments in fintech, e-commerce and F&B.

Product overview

Paramount Corporation Berhad is a Malaysian listed conglomerate operating three primary business segments: Property Development (under the Paramount Property brand), Coworking (Co-labs Coworking with companion design-and-build service Scalable Malaysia), and Investments & Hospitality. The Property segment spans residential, commercial, industrial, and mixed-use projects across Klang Valley, Northern Malaysia, and Bangkok. The Coworking segment operates 10 coworking spaces and provides enterprise managed office solutions. The third segment covers hospitality brands (Dewakan, Bidou, Mercure Kuala Lumpur Glenmarie) and investments in fintech (Fundaztic P2P lending), e-commerce (Commerce DotAsia), and F&B (Envictus International stake). The portfolio is diversified across real estate, food & beverage, education subleases, and digital platforms.

Differentiator

Problem solved

Functional benefit

Brands

• Paramount Property: Property development brand operating projects in Kedah, Penang, Selangor and Kuala Lumpur under the brand tagline 'The People's Developer'. Also has an equity venture in Bangkok, Thailand.
• Co-labs Coworking
• Scalable Malaysia
• Dewakan
• Bidou
• Mercure Kuala Lumpur Glenmarie
• Paramount FoodPrint

Products and services

• Paramount Property Property development brand of Paramount Corporation Berhad, developing residential, commercial, mixed-use, and industrial projects across Klang Valley, Kedah, and Penang in Malaysia, plus a 49% equity venture in Bangkok, Thailand through Navarang Charoennakhon Company Limited. Project brands include Atwater, Arinna, Sejati, The Atera, The Atrium, Berkeley Uptown, Bandar Laguna Merbok, Bukit Banyan, Utropolis, and Paramount Palmera.
• Co-labs Coworking Network of coworking spaces serving entrepreneurs, SMEs, startups, and corporates across 10 locations in Klang Valley and Johor, Malaysia. Total footprint of approximately 199,000 sq. ft. with 71% occupancy rate as of 31 December 2025. Provides collaborative work environments, community events, networking opportunities, and enterprise-focused managed office solutions.
• Scalable Malaysia One-stop workspace solutions provider offering location sourcing, interior design, fit-out construction, and after-build managed services across workspace, retail, F&B, and lifestyle/wellness sectors. Award-winning design-and-build services complementing Co-labs Coworking's managed office solutions.
• Dewakan Fine dining restaurant located at Naza Tower, Kuala Lumpur, holding two MICHELIN Stars and one MICHELIN Green Star. First Malaysian restaurant listed on Asia's 50 Best Restaurants, first to earn two MICHELIN Stars in Malaysia, and first and only Malaysian restaurant to receive a MICHELIN Green Star for sustainability.
• Bidou 60-seater French cuisine restaurant at Bukit Damansara, Kuala Lumpur, inspired by French Grande Cuisine of the 1950s-60s. Awarded MICHELIN 'Opening of the Year' and listed in the MICHELIN Selected category. Operated under Paramount FoodPrint Sdn Bhd, acquired in 2025.
• Mercure Kuala Lumpur Glenmarie 229-key 4-star business hotel operated under Accor Group's Mercure franchise brand, located at Utropolis Glenmarie, Shah Alam. Features Warna restaurant, pool bar, and function rooms for up to 140 persons. Received Green Key certification in 2025. Paramount became 100% equity owner in 2021.

Quantifiable outcome

• Property sales consistently above RM1.0 billion annually
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and strategic.

• THE SHOUT GROUPcoreGTM or Marketing Partner · 29 July 2026THE SHOUT GROUP secured Paramount Corporation Berhad as a new client for branding and corporate identity work in H1 2026. This partnership supports Paramount's brand positioning and corporate communications efforts.
• University of Wollongong Malaysia (UOW Malaysia)coreStrategic or Co-development PartnerParamount sub-leases two tertiary education campuses to UOW Malaysia - one in Shah Alam, Selangor and one in Batu Kawan, Penang. Previously sold controlling stake in KDU education institutions to UOW in 2019.
• Navarang Charoennakhon Company Limited (NCCL)strategicStrategic or Co-development PartnerParamount holds 49% equity stake in NCCL, a Bangkok-based property development company. In 2024, NCCL completed the 29-storey Na Reva condominium project next to the Chao Phraya river.
• AccorHotelscoreChannel Partner/ Reseller/ DistributorAccorHotels operates Mercure Kuala Lumpur Glenmarie under franchise agreement. This is a 229-key 4-star business hotel located at Utropolis Glenmarie, Shah Alam.

Scale indicators14 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• SP Setia Berhad: One of Malaysia's largest property developers, SP Setia develops townships, residential, and commercial projects across Malaysia and overseas. Highly comparable to Paramount's Paramount Property segment in terms of business model and Malaysian-focused master-planned communities.
• Sime Darby Property Berhad: Major Malaysian property developer with integrated townships, residential, commercial, and industrial developments. Direct competitor to Paramount Property across Klang Valley and broader Malaysian markets, with similar scale and listed on Bursa Malaysia.
• Mah Sing Group Berhad: Malaysian-listed developer focused on residential, commercial, and industrial projects primarily in Klang Valley and Penang. Closely comparable geographic footprint and product mix to Paramount Property's Malaysian developments.
• Eco World Development Group Berhad: Top Malaysian developer with townships and mixed-use projects. Direct peer in Malaysian property development, though larger scale; Paramount also holds 21.5% in the related entity EWI Capital (formerly Eco World International).
• IOI Properties Group Berhad: Malaysian-listed property developer with townships, mixed-use, and commercial projects in Malaysia and overseas. Comparable scale and product mix, with similar Klang Valley and Penang geographic focus.
• UEM Sunrise Berhad: Malaysian-listed developer with major projects in Johor (Iskandar) and Klang Valley. Direct comparable on residential and mixed-use development, with overlap in Paramount's key geographies including the new Johor Co-labs coworking expansion.
• WORQ Coworking Space: Malaysian coworking operator with multiple Klang Valley locations serving SMEs and startups. Direct competitor to Co-labs Coworking in the same product category, customer segment, and geography.
• Common Ground Coworking: Malaysia-focused coworking brand offering flexible workspace and enterprise solutions across multiple locations. Direct competitor to Co-labs Coworking in flexible workspace memberships for SMEs and corporates in Malaysia.

Broad incumbents

• Sunway Berhad: Diversified Malaysian conglomerate with property development, healthcare, education, and hospitality. Overlaps with Paramount across property, hospitality (hotels), and education sub-leases but at significantly larger scale across multiple industries.
• Gamuda Berhad: Malaysian-listed infrastructure and property group with township developments and commercial projects. Comparable on property development execution but broader scope including large-scale infrastructure contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ParamountCorporationBerhad
• Instagraminstagram.com/paramountcorpmy

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries21 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paramount Corporation Berhad