Bursa-listed Paramount Corp acquires 28% stake in Envictus International following deal at 45 cents per share

Bursa-listed Paramount Corp is paying 45 cents each for nearly 85.2 million shares in SGX-listed Envictus International, becoming the second largest shareholder with a stake of 28%.

Envictus last traded at 35 cents. The typically thinly-traded shares are up 7.81% year to date.