Dr. Teo Chiang Quan, the Group CEO of Paramount Corporation Berhad, received the FIABCI Property Award of Distinction 2004 for Bandar Laguna Merbok on 24 September 2004 from Seri Paduka Baginda Yang di-Pertuan Agong XII Tuanku Syed Sirajuddin Ibni Al-marhum Tuanku Syed Putra Jamalullail in Shangri-la, Kuala Lumpur.

Group picture with the management and staffs as below.