Paramount Engineering & Construction Sdn Bhd

Holding Company

PARAMOUNT CORPORATION BERHAD, ("PCB") the holding company of PECSB is a public listed company with its shares traded on The Kuala Lumpur Stock Exchange of Malaysia (now known as Bursa Malaysia Securities Berhad) since 1971. PCB was incorporated in April 1969 under the name of Malaysia Rice Industries Berhad which was subsequently restructured as a property development company when the property-based See Hoy Chan Group gained control of the Company in late 1978. Following this, the name of the Company was changed to PARAMOUNT CORPORATION BERHAD to reflect its new identity.

Over the years, PCB pursued a vision which expanded its original core business - property to include education, insurance and manufacturing. Through the stewardship of the Chief Executive Officer, Dato’ Teo Chiang Quan, PCB has progressively established itself into a respectable and financially sound diversified group.

PCB has a solid business relationship with PECSB since its incorporation in 1991. PECSB was engaged in the development of Taman Patani Jaya at Sungai Petani, Kedah, a mixed development owned by Paramount Property (Utara) Sdn Bhd a wholly owned subsidiary of PCB Group.

To grow and achieve the next quantum leap, PCB acquired PECSB Group to compliment and strengthen its Property Division – the core business of PCB Group. It believes the acquisition of PECSB will provide synergistic benefits and cost savings and will further drive the growth of PCB Group. PCB realises achievements can be founded on a formula focus on VALUE CREATION by combining people, partnership, professionalism, markets, management expertise and financial resources.

For more information, please logon to www.pcb.com.my