Wednesday, December 8, 2010

Paramount declares 40c special dividend

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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