Paramount gets ok to sell pre-tertiary education ops

Paramount’s chief executive officer Jeffrey Chew(pic)said that the divestment has helped it unlock significant value for its investment in the education segment.

PETALING JAYA: Paramount Corp Bhd has obtained the Education Ministry’s approval for the sale of its pre-tertiary education business to Prestigion Education Sdn Bhd - formerly known as Two Horses Capital Sdn Bhd.

With the approval, the company said that it has fulfilled the final condition precedent for the RM540.5mil sale agreement that was signed in mid-2019 to move forward.