In a statement, Paramount group chief executive officer Jeffrey Chew(pic) said its education arm turned in a satisfactory set of results despite the stiff competition in the education industry.
PETALING JAYA: Paramount Corp Bhd is slowly monetising its assets in the education business and entrenching itself in the property sector, in line with its strategic plan of becoming a pure-play property group.
It is selling its K-12 education business for more than half a billion ringgit but will still maintain a minority stake in the three entities it is divesting. K-12 education is for children from kindergarten through the twelfth grade.
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