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 |