Paramount buys stake in S’pore F&B company

Paramount Corp Bhd group chief executive officer Jeffrey Chew.

PETALING JAYA: Paramount Corp Bhd is forking out some RM126.32mil (SG$38.33mil) to acquire a 28% stake in Singapore-based food and beverage (F&B) company, Envictus International Holdings Ltd, from JAG Capital Holdings Sdn Bhd.

Datuk Johari Abdul Ghani, who is Minister of Plantation and Commodities, controls JAG Capital.