Tuesday, 25 May 2021 09:51 AM MYT
BY SHAHRIN AIZAT NOORSHAHRIZAM
Teo is also recognised as one of the pioneers in affordable private tertiary education in Malaysia. Picture via Paramount
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KUALA LUMPUR, May 25 Chairman of property developer Paramount Corp Bhd, Datuk Teo Chiang Quan, died yesterday. He was 72.
According to
The Edge Markets, the company in a statement confirmed Teo’s death due to complications from an unexpected illness.
“Over and above being an astute businessman and property developer, Datuk Teo may best be described as a nation-builder,” the company said.
Datuk Teo Chiang Quan
PETALING JAYA: The Malaysian property industry has lost an icon in Datuk Teo Chiang Quan, who passed away on Monday due to complications from an unexpected illness.
To various property players and consultants, the Paramount Corp Bhd chairman and executive director will always be remembered as a mentor, a gentleman and his passion for the industry.
Housing and Local Government (KPKT) Minister Datuk Zuraida Kamaruddin said Teo was an icon among Malaysian property developers and led Paramount Corp to great heights.
“Despite his success, Teo did not forget to contribute back to the country and community.
PETALING JAYA: Paramount Corp Bhd chairman and executive director Datuk Teo Chiang Quan has passed away due to complications from an unexpected illness. He was 72.