Paramount plans property development joint venture with Mitsui Fudosan Asia Malaysia

• Paramount plans a joint venture with Mitsui Fudosan (Asia) Malaysia to develop land owned by its subsidiary Meridian Kuasa.
• The partner will acquire a 49% stake in Meridian Kuasa for RM 23.06 million in cash.
• Funding will follow ownership proportions: 51% from Paramount and 49% from its partner.
• Paramount expects to provide approximately RM 66.3 million in shareholders' loans, equivalent to 4.44% of its audited consolidated net tangible assets.
• Day-to-day development, management and project delivery will remain Paramount's primary responsibility; Mitsui Fudosan (Asia) Malaysia will participate through governance and oversight.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PCB - Paramount Corporation Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3723246) on November 10, 2026, and is solely responsible for the information contained therein.