PARAMON

1.010

-0.01 (-1%)

Change in Boardroom

PARAMOUNT CORPORATION BERHAD

Date of change 20 Aug 2025
Name MR BENJAMIN TEO JONG HIAN
Age 36
Gender Male
Nationality Malaysia
Type of change Redesignation
Previous Position Deputy Chief Executive Officer
New Position Deputy Chairman
Directorate Executive

Qualifications

No
Qualifications
Major/Field of Study
Institute/University
Additional Information
Degree
Bachelor of Politics and Sociology (with Honours)
University of Nottingham, United Kingdom

Working experience and occupation
Mr Benjamin Teo Jong Hian became the Deputy Group Chief Executive Officer of Paramount Corporation Berhad (Paramount) since 1 September 2021 and was an Executive Director of Paramount since 22 August 2019. He is also a major shareholder of Paramount. 

He started his career with Paramount in 2012 as a management trainee and rose through the ranks to become the Director of Innovation at Paramount Property in 2015, and thereafter as Chief Executive Office of Paramount Property Development Sdn Bhd until 31 August 2021. He created and launched the Co-labs Coworking brand (Co-labs) as a new business for Paramount in 2016, and has expanded this business from one space of 4,000 square feet to seven spaces of 169,000 square feet with an average occupancy rate of 80% as at the end of 2024. Dewakan, under his management oversight, became the first Malaysian restaurant to receive two MICHELIN Stars and a MICHELIN Green Star. 

Mr Teo is also the designated Sustainability Officer of Paramount since 2022 to lead Paramount in the implementation of its Environmental, Social & Governance (ESG) strategies and achievement of its ESG Key Performance Indicators (KPIs). In 2024, Paramount successfully secured a "Gold" assessment from Malaysian Rating Corporation Berhad (MARC) for its Sustainability-Linked Financing Framework, indicating MARC's opinion that Paramount's ESG KPIs are impactful.
Family relationship with any director and/or major shareholder of the listed issuer
Nil
Any conflict of interests that he/she has with the listed issuer
Nil
Details of any interest in the securities of the listed issuer or its subsidiaries
Breakdown on the securities of Paramount held by Mr Teo:

Direct Interest:
9,312,480 ordinary shares

Deemed Interest:
(1) Paramount Equities Sdn Bhd - 154,252,000 ordinary shares
(2) Bunga Indah (M) Sdn Bhd - 16,216,200 ordinary shares




Announcement Info

Company Name PARAMOUNT CORPORATION BERHAD
Stock Name PARAMON
Date Announced 20 Aug 2025
Category Change in Boardroom
Reference Number C03-17082025-00001