KUALA LUMPUR: Paramount Corp Bhd announced a windfall for its shareholders with the declaration of a special dividend of 40 sen per share.
The company said on Wednesday, Dec 8 the dividend would go ex on Dec 21 and the entitlement date would be Dec 23
Paramount, had on Dec 1, completed the sake of its 20% stake in Jerneh Insurance Bhd to ACE INA International Holdings Ltd for RM130.8 million cash.
The company's other core businesses are rental of residential and commercial PROPERTIES [], property development and CONSTRUCTION []. It has a stake in KDU College Sdn Bhd.
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