Paramount Corp Bhd’s investment into Omegaxis Sdn Bhd, the holding company of Peoplender Sdn Bhd, operator of a peer-to-peer financing platform operator

BDO Capital Consultants Sdn Bhd was appointed by Paramount Corporation Berhad as Independent Valuer for the indicative valuation of Peoplender Sdn Bhd and its associate company.  Magna Intelligent Sdn Bhd (MISB), a wholly-owned subsidiary of Paramount Corporation Berhad, on 15 April 2021, entered into a conditional share subcription agreement and a shareholders’ agreement with P2P Venture Sdn Bhd and Omegaxis Sdn Bhd in connection with the proposed investment of RM13,700,000.00 by MISB for a 30% direct equity interest in the holding company of a peer-to-peer financing platform operator.