Paramount gets new substantial shareholder


Benjamin Teo Jong Hian

PETALING JAYA: Benjamin Teo Jong Hian, the son of the late Datuk Teo Chiang Quan, the former chairman of Paramount Corp Bhd, has become a substantial shareholder of Paramount effective from yesterday.

In a statement, Paramount said Benjamin has a total interest of 28.9% in the company pursuant to a transmission of shares, which are registered in the name of Paramount Equities Sdn Bhd, Bunga Indah (M) Sdn Bhd and Rockwills Trustee Bhd Teo Chiang Quan.

The late Teo was Paramount’s chairman and executive director when he passed away on May 24, 2021.

Benjamin, 33, is Paramount deputy group CEO and executive director of Paramount. He was appointed to the board of directors on Aug 22, 2019.

Paramount , Benjamin Teo Jong Hian

   

Next In Business News

Step back and watch
Bull waits for liquidity to return
Magnum can strike it big again
All sails set for MISC-Bumi Armada merger
Dicey days for chip makers
After a homeowner passes
A stinky nuisance: When septic tanks burst
Decarbonising cement: Are we ready?
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Shedding light on power sector prospects

Others Also Read