Paradigm-REIT makes Main Market debut, the largest M-REIT IPO in over a decade
KUALA LUMPUR: Paradigm Real Estate Investment Trust (Paradigm-REIT) began trading on the Main Market of Bursa Malaysia today, opening at its initial public offering (IPO) price of RM1.
At 9.42 am, the counter advanced two sen, or 2%, to RM1.02, with 13.85 million shares changing hands, making it one of the most actively traded counters.
'The listing of Paradigm REIT marks a proud milestone for our team and Malaysia's REIT landscape. While we opened flat at RM1.00, we view this as a stable and encouraging start — especially in a market where volatility has become the norm,' Paradigm REIT Management Sdn Bhd chairman and independent non-executive director Tan Sri Shahril Ridza Ridzuan said in a statement.
He added that strong support from both institutional and retail investors reflects confidence in the REIT's portfolio and long-term strategy.
'We remain focused on delivering consistent value to our unitholders and executing our strategy in making our assets more value-accretive,' Shahril said.
Paradigm REIT's current portfolio comprises three prime shopping centres – Paradigm Mall Petaling Jaya, Paradigm Mall Johor Bahru, and Bukit Tinggi Shopping Centre – collectively valued at RM2.4bil and strategically located in high-traffic, high-growth urban areas.
The IPO is the largest Malaysian REIT IPO in the past 13 years and one of the largest IPOs in Malaysia for 2025.
Paradigm REIT has committed to distributing at least 90% of its distributable income on a half-yearly basis, making it an appealing proposition for income-seeking investors.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
37 minutes ago
- The Sun
Pilot AI initiative launched for selected S'gor schools
PETALING JAYA: Selangor is set to roll out a pilot programme to help students and teachers adapt to artificial intelligence (AI), starting with selected schools in four districts. Selangor Menteri Besar Datuk Seri Amirudin Shari said the initiative is part of the state's long-term plan to cultivate a generation equipped with critical thinking skills and a strong foundation in AI literacy. 'This is not just about being users or consumers of AI. We want to shape students to become creators and thinkers. 'We are starting with three schools per district, covering B40, urban and rural areas,' he said at a media conference at the launch of Advancing Future Skills for All (FS4A) Selangor Scale-Up yesterday. He said the programme is in line with the Selangor Structure Plan 2035, particularly its focus on accelerating digital-led economic growth and ensuring inclusive, high-quality education opportunities for all. Amirudin said the initiative, supported by Google and implemented by Arus Academy in collaboration with the Education Ministry, Unicef, Malaysia Digital Economy Corporation and CelcomDigi, is not just timely but also strategic. 'This programme is a brilliant example of what a public-private partnership can achieve. We have Google and CelcomDigi deeply committed to our communities and ensuring every Malaysian child gets vital digital skills,' he said at the launch. 'We have nearly one million students enrolled in public schools up to Form 6. This initiative aims to explore how AI-related skills can be integrated at scale across Selangor. 'A state-level white paper on AI is also being developed to support long-term policy planning.' Arus Academy co-founder David Chak said the programme currently focuses on four districts – Gombak, Petaling Perdana, Petaling Utama and Klang. Schools were selected based on demographic distribution, poverty levels and overall readiness, in close coordination with district education offices. 'There's no one-size-fits-all approach. We work with each school to understand its specific context and tailor support accordingly.' At present, 88 schools are participating in the training. Each school sends one teacher and two students, and small grants of RM500 are provided to support school-based AI projects. Chak said the FS4A platform, launched during the pandemic, now has over 270,000 users and more than two million page views. Data analytics are employed to measure impact, track participation trends and enhance delivery across various school types. To date, the programme has reached over 13,000 students, with 3,350 successfully completing the modules. In its current phase, the programme aims to train at least 120 teachers across 40 schools by August, with classroom implementation expected to begin immediately thereafter. CelcomDigi Sustainability head Philip Ling said Selangor was chosen for the programme due to its dense school population, making it an ideal testing ground following the initial rollout in rural Sarawak. 'These tactical choices allow us to refine our approach based on different school environments.' Unicef education specialist Azlina Kamal said the programme was co-developed with the ministry and is integrated into national subjects such as Science and Design & Technology. 'Offline kits were also developed for students in rural and underserved areas, including indigenous and disabled communities, to ensure access without relying on internet connectivity.'
The Sun
an hour ago
- The Sun
Selangor Launches AI Pilot in Schools with Google Collaboration
PETALING JAYA: Selangor is set to roll out a pilot programme to help students and teachers adapt to artificial intelligence (AI), starting with selected schools in four districts. Selangor Menteri Besar Datuk Seri Amirudin Shari said the initiative is part of the state's long-term plan to cultivate a generation equipped with critical thinking skills and a strong foundation in AI literacy. 'This is not just about being users or consumers of AI. We want to shape students to become creators and thinkers. 'We are starting with three schools per district, covering B40, urban and rural areas,' he said at a media conference at the launch of Advancing Future Skills for All (FS4A) Selangor Scale-Up yesterday. He said the programme is in line with the Selangor Structure Plan 2035, particularly its focus on accelerating digital-led economic growth and ensuring inclusive, high-quality education opportunities for all. Amirudin said the initiative, supported by Google and implemented by Arus Academy in collaboration with the Education Ministry, Unicef, Malaysia Digital Economy Corporation and CelcomDigi, is not just timely but also strategic. 'This programme is a brilliant example of what a public-private partnership can achieve. We have Google and CelcomDigi deeply committed to our communities and ensuring every Malaysian child gets vital digital skills,' he said at the launch. 'We have nearly one million students enrolled in public schools up to Form 6. This initiative aims to explore how AI-related skills can be integrated at scale across Selangor. 'A state-level white paper on AI is also being developed to support long-term policy planning.' Arus Academy co-founder David Chak said the programme currently focuses on four districts – Gombak, Petaling Perdana, Petaling Utama and Klang. Schools were selected based on demographic distribution, poverty levels and overall readiness, in close coordination with district education offices. 'There's no one-size-fits-all approach. We work with each school to understand its specific context and tailor support accordingly.' At present, 88 schools are participating in the training. Each school sends one teacher and two students, and small grants of RM500 are provided to support school-based AI projects. Chak said the FS4A platform, launched during the pandemic, now has over 270,000 users and more than two million page views. Data analytics are employed to measure impact, track participation trends and enhance delivery across various school types. To date, the programme has reached over 13,000 students, with 3,350 successfully completing the modules. In its current phase, the programme aims to train at least 120 teachers across 40 schools by August, with classroom implementation expected to begin immediately thereafter. CelcomDigi Sustainability head Philip Ling said Selangor was chosen for the programme due to its dense school population, making it an ideal testing ground following the initial rollout in rural Sarawak. 'These tactical choices allow us to refine our approach based on different school environments.' Unicef education specialist Azlina Kamal said the programme was co-developed with the ministry and is integrated into national subjects such as Science and Design & Technology. 'Offline kits were also developed for students in rural and underserved areas, including indigenous and disabled communities, to ensure access without relying on internet connectivity.'
The Sun
an hour ago
- The Sun
M'sian CEO spends RM30K monthly on pantry — Netizens say, 'Now this is a real staff benefit'
MALAYSIAN entrepreneur Christy Ng is making headlines once again — and this time, it's not for her popular line of shoes or handbags. A viral TikTok video shared by user @kerjazz has captured Christy personally restocking her office pantry with more than RM30,000 worth of snacks, drinks, and wellness items, sparking a flood of admiration and envy online. ALSO READ: Woman shares how her former HoD invited her to an expensive restaurant, makes her pay Pantry Goals: Fully Stocked with Snacks, Drinks & Supplements The video, which has racked up over 1.6 million views, offers a glimpse into shelves packed with food, beverages, frozen meals, and even vitamins and probiotics. It's part of Christy's way of giving back to her team, many of whom spend up to 12 hours a day in the office. 'This is my way of repaying my employees who stay at the office for up to eight to 12 hours every day,' she explained. More Than Just Snacks: Staff Could Practically Move In Far from your average workplace pantry, Christy's version includes shower supplies and essentials — so well-equipped, in fact, that she jokes her staff could practically live there. 'The pantry is so well prepared with self-care items such as shower necessities and frozen food items that her staff could even live in the office if they wanted,' she added. Christy even makes monthly trips to Indonesia to stock up on Indomie noodles in bulk — not just for her team, but for herself too. 'Talk about commitment!' the TikTok caption reads. Netizens React: 'My Office Only Has Me' The clip has stirred reactions from viewers who couldn't help comparing their own office pantries. 'So nice... meanwhile, my office only has me,' one user called Azlan Anuar lamented jokingly. 'Now this is what real employee benefits look like. Not things like 'EPF, SOCSO, annual leave, medical leave' — those are basic employee rights, yet they're still often treated as if they're special benefits,' Ika pointed out. 'The water filter at my office pantry is not even serviced,' bossdarksystem confessed. 'How to send it to management without actually sending it,' rfssanurin asked. 'Christy Ng is the best provider, better than any husband,' joked.
