KUALA LUMPUR: Paramount Corp Bhd
said its wholly-owned subsidiary Meridian Kuasa Sdn Bhd has proposed to acquire 14,974sqm of freehold commercial land in KL from IOI Properties Bhd for RM257.89mil.
In a stock exchange filing, Paramount said the acquisition will allow it to develop its signature residential property units with speed-to-market launching due to a development order having been obtained by the vendor.
