Paramount Corporation Berhad, an investment holding company, engages in the property development business in Malaysia. It operates in three segments: Property; Coworking; and Investment and Others. The Property segment develops and constructs residential and commercial properties; and invests in retail and car park properties. Its Coworking segment provides co-working spaces and incubator-related services under the Co-labs Coworking and Scalable brands. The Investment and Others segment invests in campus buildings. It also operates club houses, Dewakan fine-dining restaurant, Mercure Kuala Lumpur Glenmarie hotel, and car parks; and is involved in building and engineering contracting. In addition, the company offers hospitality-related, management, and treasury management services. The company was formerly known as Malaysia Rice Industries Berhad and changed its name to Paramount Corporation Berhad in 1980. Paramount Corporation Berhad was incorporated in 1969 and is based in Petaling Jaya, Malaysia.