Paramount Corporation Berhad has announced that its wholly-owned subsidiary has entered into a sale and purchase agreement to acquire four parcels of freehold land in Kulim, Kedah, for RM128.74 million in cash.
The land, measuring a total of approximately 295.55 acres (119.6 hectares), is currently categorised for agricultural use, with three parcels planted with oil palm and one with rubber trees. The parcels are flat in terrain and have direct frontage to a main road.
The acquisition from Golden Bluechip Sdn Bhd is aimed at replenishing its land bank in strategic growth areas where the group has established a strong track record.
Paramount said the site is well-positioned to benefit from the government’s National Semiconductor Strategy (NSS), launched in May 2025 under the Ministry of Investment, Trade and Industry. The NSS involves over RM25 billion in planned investment over the next decade to strengthen Malaysia’s semiconductor sector, with targets including RM500 billion in total talent investment by 2030, the development of local industry champions, and the creation of 60,000 skilled local talents.
Paramount noted that this acquisition aligns with its long-term growth plans and the government’s New Industrial Master Plan 2030, which aims to position Malaysia as a resilient and competitive player in the global supply chain.
